COLUMBIA CITY, Ind. (WANE) — Northeastern REMC showed off a new energy storage facility Wednesday they say will save customers millions of dollars over the next two decades.
The five battery locations allow them to buy electricity at night – when the rate is lower – and then distribute the electricity to customers at peak times when the rates would have been higher.
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The new storage will save customers $35 million over 20 years, according to Northeastern REMC.
“Market prices have changed, but we’re able to offset a lot of those costs,” said Eric Jung, president and CEO of Northeastern REMC.
Northeastern REMC says the battery storage program has been fully operational since June.