Commercial Buildings: Energy Efficiency and Reliability with Electric, Smart, and Microgrids
Stephen Sewalk,
Norm G. Miller,
Sunny Liston and
David Wenzhong Gao
Journal of Sustainable Real Estate, 2016, vol. 8, issue 1, 20-61
Abstract:
In this paper, we examine energy storage, peak load minimization, and demand response and how these new technologies are allowing commercial building owners to capitalize these value streams by implementing new technologies. The use of smart grids in commercial buildings can reduce total carbon emissions, placing building owners in an advantageous position should a carbon tax ever be imposed on emissions. Owners of commercial buildings should seriously consider smart microgrids that combine energy production, storage, and the ability to isolate and insulate the building from the grid should a power disruption occur. Smart and micro grids add positive value to commercial buildings because they provide (1) peak load management (shaving costs), (2) integrate renewable energy (reducing emissions and costs), and provide (3) instant back-up power on demand giving the building added reliability, safety, and the ability to continue operating under otherwise challenging circumstances.
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rsrexx:v:8:y:2016:i:1:p:20-61
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DOI: 10.1080/10835547.2016.12091886
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