With energy transition comes strategic innovation. It has been delightful to see more affordable yet energy-efficient solutions out there. There have also been rapid developments in the field of power storage.
With these energy management advances, renewable energy sources appear more viable as replacements for traditional fossil fuels in sectors such as industrial, manufacturing, transportation, and processing.
While it has become easier to envision a renewable future, there are still definitely challenges that we must overcome. As an industry player, you might struggle with the following issues.
Improve power system efficiency
Solar and wind are intermittent and distributed energy resources. This means that it can be more difficult to find a balance between the supply and demand of the power systems. Network operators should develop strategies with data from feasibility studies. By doing this, you can choose solutions that will comply with requirements and regulations while controlling operating costs.
Meet decarbonization goals
While a lot of industrial organizations are working on carbon neutrality, this goal largely depends on their choice of electrification strategy and renewable energy use. With current energy storage technologies, challenges related to intermittent power are easier to overcome. For the longest time, this was a problem that many deemed impossible to solve.
When you choose energy storage for a project, you must factor in the size, type, and profit potential that you need. If you want to do this properly, you must collect and assess data from the network. This is the only way to gain an understanding of how the market works.
Acquire a new stream of income
Businesses that want to enter ancillary service markets should consider storage technology. There are, however, a lot of technologies out there that may cause this to feel overwhelming. If you want to make the best choice, you must look at the technical factors. After all, these will directly impact response speed, frequency response, reactive power capacity, and overall competitiveness.
Conclusion
With experienced consultants like our experts, you will be in the best position to make the right energy storage decisions. Contact us now for your energy storage needs!