Energy News

Electrify America signs up with SMUD to cut peak power costs

The Sacramento Municipal Utility District has unveiled its new StorageShares grid-based battery storage program, and its first customer is Electrify America.

Electrify America is investing $1.3 million in the SMUD program, in which companies invest in SMUD’s grid battery system, and in return get lower energy costs during peak price periods.

“We wanted to be part of this because it is an innovative program,” said Mike Moran, Electrify America’s head of communications, in a telephone interview. “This…