Insight: All the Benefits and Zero Investment with Battery-as-a-Service®
Segment(s): Commercial, Telecom, Industrial
Battery-as-a-Service® is Polarium’s circular business model for companies that want to reap the full benefits of energy storage built on lithium batteries, but not own the solution themselves. Polarium takes full responsibility for the battery, from installation and maintenance to replacement and recycling – while the customers can focus on their core business.
Energy storage built on lithium batteries is important in the transition to a sustainable future – for telecom operators that need green back up solutions at their tower sites, and for commercial and industrial facilities that want to power their businesses with renewable energy. But it is getting increasingly common that companies do not want to burden their balance sheets with investments. Instead, an Everything-as-a-Service mentality is gaining ground.
Battery-as-a-Service® is the answer to this dilemma. Polarium is offering a circular business model to their customers within the telecom, commercial and industrial segment. The underlying idea is to provide customers with all benefits that come with lithium-powered energy storage solutions, without having them to own the solution.
“At Polarium, we empower a smart and sustainable world. And we believe that this world is circular. By offering Battery-as-a-Service, we enable customers that do not want to invest in lithium-powered energy storage to reap the full benefits from it. And we take care of the batteries after their lifetime”, says Nakul Virat, Chief Sales Officer at Polarium.
Battery-as-a-Service® is predicted to become increasingly common going forward due to its financial benefits and digital tools. The setup is straight forward. Through Polarium’s Battery-as-a-Service® offering, customers pay a monthly fee and receive a guaranteed level of performance for a certain amount of years. Polarium takes the full responsibility for the battery: from installation, maintenance and technical upgrades to replacement and recycling.
Part of the Battery-as-a-Service® offering is multiple digital solutions. Through a remote management system, Polarium always has control over the energy storage. Thanks to the embedded intelligence of the lithium batteries, the company can conduct in-depth analyses of battery data and performance, enabling the customer to always know the state of charge (available capacity in real time) and the state of health (available life for optimal planning and usage) of the energy storage.
“We are constantly finding new and innovative ways to solve our customers’ pain points. As part of Polarium’s digital evolution we are developing our App, where all battery performance data can be accessed”, Nakul Virat continues.
Through Battery-as-a-Service®, nothing is left at chance. Polarium’s strong focus on creating value enables customers to always focus on their core business. And the world is getting smarter and more sustainable.
© 2021 Polarium Energy Solutions AB – All Rights Reserved
Formerly Incell International AB