Real talk on regen economics — the numbers people quote (15-20% recovery) are technically correct but can be misleading depending on your application.
What actually determines your recovery percentage:
The ratio of deceleration time to total cycle time is everything. A press running at 60 SPM with a short stroke has very little deceleration time relative to the forming work. You might recover 8-10% at best. Same press at 20 SPM with a long dwell at BDC? Now your return stroke is a bigger chunk of the cycle and recovery jumps to 25%+.
How to tell if you're actually recovering vs dumping to resistors:
On most modern drives (Siemens S120, Yaskawa D1000, Mitsubishi FR-A800), there's a parameter that shows regen energy in kWh. Compare that to your braking resistor duty cycle. If the resistor is getting hot, you're wasting energy. If it's barely warm, the regen unit is doing its job.
Quick test: put a clamp ammeter on the regen unit output (grid side). During the return stroke you should see current flowing BACK toward the transformer. If you see zero, your regen unit might be configured but not actually enabled — I've seen this twice where the installer wired it but forgot to set the control parameter.
The real ROI calculation most people miss:
Don't just calculate energy savings. Factor in the reduced cooling load on your braking resistor cabinet. We eliminated a 5kW cabinet cooler when we went full regen, which was another $800/year in energy plus no more filter changes. Also, regen reduces stress on the DC bus caps (less ripple current), which extends drive life. Hard to put a dollar figure on that but it's real.
For jeff_quality's specific question — if your drive has a braking resistor AND a regen unit, check which one is active. Some systems are configured with the resistor as primary and regen as backup (backwards from what you'd want). Look at the drive's power flow diagram in the manual and verify the priority setting.