An external energy storage for customers

What are electric storage resources (ESR)?

The Federal Energy Regulatory Commission (FERC) has given a definition of electric storage resources (ESR) to cover all ESS capable of extracting electric energy from the grid and storing the energy for later release back to the grid, regardless of the storage technology.

Is it profitable to provide energy-storage solutions to commercial customers?

The model shows that it is already profitable to provide energy-storage solutions to a subset of commercial customers in each of the four most important applications—demand-charge management, grid-scale renewable power, small-scale solar-plus storage, and frequency regulation.

What are energy storage systems (ESS)?

Energy storage systems (ESS) are increasingly deployed in both transmission and distribution grids for various benefits, especially for improving renewable energy penetration. Along with the industrial acceptance of ESS, research on storage technologies and their grid applications is also undergoing rapid progress.

How can energy storage be used in industrial and grid applications?

Historically, hydroelectric pumping stations have been the main system of energy storage. However, since most sites are already in use, new solutions are needed. Currently, the most promising technology for industrial and grid applications is electrochemical storage via battery.

Are energy storage systems a profitable business?

Of course, storage solutions compensate for the intermittent nature of renewables. What’s more, they also enable businesses to carry on working even during disruptions to the power grid, offering a further competitive advantage. All these factors show that energy storage systems are a profitable business, even when the sun doesn’t shine.

What is a battery energy storage system (BESS)?

Battery Energy Storage Systems (BESS) are pivotal technologies for sustainable and efficient energy solutions.