Benefits of Next Generation Energy Storage

by | Aug 26, 2021 | Energy Storage

With years of experience in energy storage, we invested in the grid, generating reliability and long-term benefit for the future. Storing energy is crucial for the complete grid, solar and hydro, augmenting wind, fossil fuels, and nuclear to demand-side supplies and usage facility assets. It acts as a generation, distribution, or transmission support – seldom in a particular investment. Conclusively, storage is an implementation of technology that enables consumers to save money, improve resilience and reliability, combine generation resources, and reduce environmental impacts.

Save Money

Customers that invest in energy storage for their businesses and homes can save operational expenses and money for electricity in powering the grid. It can diminish the price to produce cycle regulation and spinning supply services and balance the costs to users by collecting low-cost power and utilizing it later, through peak intervals at greater electricity rates.

Businesses can bypass expensive disturbances and continue normal operations by utilizing energy storage during short blackouts.

Improve Reliability & Resilience

Next Generation Energy storage provides backup power during outages. Storage provides versatility to the grid to guarantee continuous power to users whenever needed. That flexibility is essential for both resilience and reliability.

Unite Diverse Resources

Power storage can level out the performance of intermittent or variable resources like solar and wind by collecting excess energy while the sun is shining or the wind is blowing and transferring it when the inverse is occurring.

However, storage can additionally boost the effective distribution of power for local baseload sources. If the market shifts swiftly and compliance is needed, energy storage can extract or inject electricity necessary to match load – wherever and whenever it’s required precisely.

Diminish Environmental Impacts

Simply put, energy storage allows electricity to be stored to use later, where and when it is needed most. That produces facilities and abilities for the electronic grid, including decreasing greenhouse gas (GHG) emissions.

The objective was to introduce more plasticity into the grid. Next-generation energy storage can further integrate more distributed energy, wind, and solar resources. Additionally, it can advance the effectiveness of the grid – improving the quantity portion of current resources – and compensate the demand for developing new pollution-emitting peak energy plants.

To see if you are eligible or to find out more about our next-generation storage, contact us on 1300 836 050.