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Why Power as a Service (PaaS) is the next big thing in energy storage!

In the PaaS model, the battery's equipment is owned and maintained by Tesla Power, to deliver the desired energy storage and backup solution in case of power grid failure.Premium
In the PaaS model, the battery's equipment is owned and maintained by Tesla Power, to deliver the desired energy storage and backup solution in case of power grid failure.

One of the biggest roadblocks prevalent in the energy storage industry is the huge capital expenditure on batteries to store energy. However, as part of the PaaS model, customers pay lease/subscription fees for batteries to store energy. Read more!

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The influence of digitization has spared none, not even the energy storage sector. This may be good news — that’s because, for the longest time, prohibitive CAPEX investment on batteries to store energy has been a challenge. This has either led to projects becoming unviable or having a huge cost impact on their profitability. Moreover, the maintenance and replacement of batteries due to their short life span is also a very cumbersome and unviable proposition.

A new model called ‘Power-as-a-Service’ (PaaS) has been built for companies to address this recurring issue. Here, the client outsources its energy needs to a power management solutions expert. Sounds too good to be true? Well, the model is similar to other service offerings such as Software as a service (SaaS) or Infrastructure as a service (IaaS).

The concerned client can utilize the service without paying in one go; they also do not have to endure the hassle of maintaining or managing the service. Power as a service is a blessing for high-energy users who own or are looking to invest in new, high-voltage electrical infrastructure. The model is a unique solution to address the energy efficiency gap using the OPEX model for future growth.

Why should you choose PaaS?

One of the biggest roadblocks prevalent in the energy storage industry is the huge capital expenditure on batteries to store energy. However, as part of the PaaS model, customers pay lease/subscription fees for batteries to store energy. The electrical equipment supplied to customers is created in line with specific needs, while the service provider is responsible for the effective functioning of the system.

There are multiple advantages, if a company chooses to go for a subscription or lease, the entire model is an “as-a-service" concept, customers are not required to invest capex for their own energy storage infrastructure and equipment. Besides, the infrastructure can be customized as per the customer’s needs.

With optimal energy use, there is also a visible reduction in carbon footprint. Service providers also study the current energy models in detail and develop an infrastructure to achieve the carbon zero goals of the customers. The model has been expanded to build a concept called solar-as-a-service that provides “renewable energy solutions" at lower costs.

It doesn’t end there…

Having extra stored energy will also allow customers to build grids away from the consumption centres. This transition will help deliver energy to remote areas that have hardly any or zero access to traditional power, making these decentralized grids a cost-effective solution. A few PaaS service providers also extend financing, toward the creation of new and existing infrastructure. They take care of all compliance and regulatory issues, thereby reducing risks for the business.

What sets Tesla Power USA apart

Tesla Power USA has 1500+ service technicians and 500 + service outlets, spread across India. In the PaaS model, the battery's equipment is owned and maintained by them, to deliver the desired energy storage and backup solution in case of power grid failure. They provide a technology-agnostic solution, with batteries of all kinds — lead-acid batteries (VRLA), lithium-ion batteries, nickel-cadmium batteries, or any other — for energy storage.

They also offer a complete BESS (Battery Energy Storage System) on a lease or subscription model with nearly ZERO percent interest. That’s not all - they provide ease of processing the order with less paperwork and minimum documentation.No inventory or stock is required to be maintained at the customer’s end. The quick turnaround time (TAT) and faster deployment of equipment and services at the site, can be counted as one of their biggest advantages.

The future of PaaS

The future of ‘Power as a service’ looks extremely promising, especially with the world rapidly moving towards sustainability and carbon zero goals. Further, the rise in the interest in electric vehicles has also triggered the need for mature storage solutions. As costs continue to come down, power is being distributed at a community-based level. While the complexities have grown, these changes offer opportunities for providers to provide a cost-saving and hassle-free solution to customers.

Disclaimer: This article has been created on behalf of Tesla Power by HT Brand Studio. 

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