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How Free Batteries Help NYC Small Businesses Save on Electric Bills
['Summer Maxwell', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
So this summer, the 45-seat eatery is using six free plug-in batteries provided by David Energy, a startup power supplier.
"This all becomes enabled because batteries have gotten much cheaper through time," said Allison Weis, global head of storage at Wood Mackenzie.
Electricity prices rose 6.1% in New York City last year, squeezing small businesses with notoriously tight margins.
The restaurant's power bill is one of its biggest expenses.
"The cost of a battery is nothing compared to how much money you can make on the price arbitrage," he added.