Everything you need to know about energy storage
Energy storage, using large batteries – which was once considered tomorrow's technology – is viable for many businesses today.
As experts in this fast growing market, we have partnered with edie to share our knowledge in a free guide to energy storage.
Your questions answered
The edie guide explains everything you need to know about energy storage – from how it works – to the business applications and benefits of commercial battery storage – through to costs and ROI, and what needs to be considered when specifying and installing systems.
Battery storage offers four key benefits to businesses:
1. Increases energy resilience – providing instant back-up energy for critical processes to protect against power cuts, and offering emergency power in the event of power failure.
2. Saves money – by reducing energy waste and load shifting to avoid peak-time 'Triad' charges.
3. Earns revenue – through participation in demand response initiatives that offer generous financial incentives for balancing the National Grid.
4. Carbon reduction – by saving excess power from on-site generation for use when required, thereby increasing the viability and deployment of renewables and combined heat and power (CHP).
The need for greater flexibility and resilience in the energy system plus falling technology costs are driving the growth of battery storage. The global market currently stands at 6GW of capacity and is expected to grow to 40GW by 2022.
Battery storage in action
One example is Centrica Business Solutions' 3MW facility for Gateshead Council's District Energy Centre, which is pairing CHP systems with battery storage to increase the efficiency of distributed energy systems and improve grid stability.
Find out how energy storage could help reduce your business energy costs, ensure business continuity and resilience, and improve sustainability. Download the edie Explains: Energy Storage guide here