Battery energy storage systems, or BESS, are becoming a more significant component of our energy landscape due to their many attractive benefits. Among them are:
Grid Stability
A BESS is a valuable tool for balancing power supply and demand, stabilizing the grid, and keeping a stable frequency since it can absorb or release electrical power very immediately.
Integration of Renewable Energy
When production from renewable energy sources, like wind and solar, exceeds demand, a BESS can store the excess energy and release it when demand is greater than supply, like in the case of cloudy or windy days. This improves their dependability and usefulness while addressing the sporadic character of these energy sources.
Peak Shaving
A BESS can assist in lowering the amount of electricity consumed on the grid during peak times by storing energy during times of low demand and releasing it during times of high demand. Peak shaving has the potential to save costs and improve the environment by reducing the demand for peaker plants, which are costly and frequently run on fossil fuels.
Arbitrage of Energy
A BESS makes energy arbitrage possible by storing energy while prices are low and releasing it when prices are high. This feature has the potential to result in considerable cost savings or the creation of new revenue streams.
Reserve Power
In the event of a power outage, a BESS can supply backup power, enhancing the energy resilience and dependability of buildings, commercial spaces, and vital infrastructure.
Grid Self-Sufficiency and Consumption
Homes and businesses can become more energy self-sufficient with the help of a BESS.