Battery Day (18th February) celebrates the convenience that batteries bring to our everyday lives – in our phones, our computers, our electronics, our cars and our energy storage. This year batteries are more important than ever, especially in their role in stabilising energy security.
With the Ukrainian conflict, volatile energy prices, and increasing pressure to reach net-zero, batteries as part of energy storage are in high demand. But, it’s not just the demand for batteries which is growing, attitudes towards sustainable energy systems have also fundamentally changed.
Commercial, industrial, and public bodies are looking for different energy models that reduce their carbon impact and bring financial benefits. These models focus on energy system optimisation often including energy storage.
Organisations wish to optimise their current energy systems, using batteries and an intelligent management system to make the most of on-site renewables and reduce expenditure on energy. Investing in battery energy storage can bring several benefits to a business: from maximising the value of electricity generated by renewables on site, and managing peak loads, to generating new revenue streams.
Notably, at Connected Energy we’re witnessing organisations in both private and public spheres seeking both technological and commercial solutions to their energy requirements.
Our E-STOR systems not only support approaches to energy management but also enable new revenue to be generated by providing commercial services to the grid operator. These services reward energy storage operators for charging and discharging power and energy into the grid thereby assisting the grid operator to manage the imbalances often caused by varying levels of renewable generation.
Similarly, the Battery Storage as a Service (BSaaS) model provides an opportunity for parties to adopt energy storage without a large investment upfront. Using a feasibility study, Connected Energy is able to determine the monthly BSaaS costs versus revenue generation and the overall return of the project for each client.