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GE joins with Arista to develop on-site power storage

General Electric Co. (NYSE:à‚ GE), is to join with Arista Power Inc. (ASPW) to sell systems that store electricity for commercial customers and release it when demand is highest, helping to cut bills.

Bloomberg reports that the system, which will use GEࢀ™s Durathon batteries, can store power from on-site wind or solar sources or from the grid and deliver it during peak periods, when commercial customers are subject to ࢀœdemand charges,ࢀ according to a statement today.

The charges can account for as much as 70 per cent of an electric bill for commercial customers, which include shopping centers and office buildings.

It gives business owners control over their power ࢀœmuch more effectively and efficiently,ࢀ William Schmitz, chief executive officer of Rochester, New York-based Arista, said in a phone interview today. GE and Arista will promote and market the system.

GEࢀ™s Durathon nickel-salt battery can last as long as 20 years, operate in extreme temperatures and is marketed for telecommunications, utilities and uninterruptible power supply applications, according to the statement.

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