Energy storage is the capture of energy produced at one time for use at a later time[1] to reduce imbalances between energy demand and energy production. A device that stores energy is generally called an accumulator or battery. Energy comes in multiple forms, including radiation, chemical, gravitational potential, electrical potential, electricity, elevated temperature, latent heat and kinetic.
Save Money
Once you invest in an energy storage solution, you can easily save big on the powering grid’s operational cost. Moreover, it can also help you save money for your electricity consumers if they install energy storage in their business spaces or homes. Wait, there’s more!
Energy storage system lowers the cost for providing frequency regulation while offsetting the cost to consumers by saving low-cost energy and then using it later during the peak periods when the electricity rates are high.
Through energy storage, business owners across industries can easily avoid lengthy and costly disruptions and consistently operate even during outages.
Increase Resilience and Reliability
Another advantage of energy storage system is that it can provide flexibility for the power grid, ensuring uninterrupted power for consumers when and wherever they require it. Through this flexibility, you can increase both resilience and reliability.
Lower Environmental Impact
As energy storage helps save electricity for later usage, it creates efficiencies for the grid, thereby reducing the emission of greenhouse gasses. Furthermore, they can integrate more wind, solar, and distributed energy resources. It can also improve the capacity factor of your existing resources and lower your carbon footprints.Look at energy storage as an investment. As your grid evolves, it provides reliability and creates long-term benefits and reliability for years to come. Energy storage serves as a critical hub for the entire grid. It helps augment resources from solar, hydro, and wind to system efficiency assets.
It can quickly transform into a transmission, generation, and distribution asset—sometimes even all in one. For more information, contact us today.
