Energy Storage System - shaping a sustainable future
“Energy storage, to put it simply, is the process of storing energy so that it may be utilized when you need it. Sometimes it entails transferring energy from difficult-to-store forms to more easily or economically storable types. Energy storage systems use extra energy produced during times of high output to release it at times of peak demand or when renewable sources (like solar or wind) are not accessible.”, says Frédéric Coosemans, Field Application Engineer at Sparq Technology.
Batteries are making impact
The battery storage system (BESS) is an energy solution that has become more and more popular in recent years. In terms of chemistries, Lithium Iron Phosphate (LiFePO4) is preferred because of its high energy density, efficiency, and relatively long lifespan.
”The battery business is advancing extremely quickly, which is followed by lowering costs for many companies that decide to engage in battery storage. When establishing energy independence, it aids in grid balancing, reduces dependency on fossil fuels, and also results in significant financial savings.
The owner of the BESS can discharge extra energy produced during high production periods by storing the energy in advance. This might in the near future provide a steady and reliable power supply for many residentials”, says Emelie Sturesson, Marketing and product manager at Sparq Technology.
Energy Storage as Backup power
A continuous supply of electricity to crucial facilities like hospitals, emergency services and data centers is of biggest importance. With the help of battery storage, the grid resilience (which means the ability of the grid to bounce back after network disruption) enhances and the power interruptions are not impacting the daily life and essential services.
“It is critical that vital facilities, like hospitals, emergency services, and data centers, have an uninterrupted supply of energy. With the aid of battery storage, the grid’s resilience—or its capacity to recover after a network outage—improves, and power outages have less of an impact on everyday life and key services”, Emelie .
Support the adoption of electrical vehicles
As the market for electric vehicles grows quickly (more than 10 million electric vehicles were sold worldwide in 2022) so is interest in energy storage. When power prices never seem to reach their peak, an increasing number of homes seek information regarding battery storage. Because you can charge EVs during peak hours by using the system.
“Many households have switched to electric vehicles, which must be recharged frequently. The charge occurs primarily at night and during off-peak hours when rates are lower. However, investing in battery storage would maximize cost savings and optimize energy consumption, allowing the owner of an EV to be even more thrifty.”, says Victor Olsson, Sales Manager at Sparq Technology.
Checklist for deciding a battery supplier
Many businesses are competing now to offer their own energy storage technology. However, the quality varies greatly in many aspects. Here is a checklist of things to consider while deciding between the options:
- What battery chemistry is it composed of? In terms of energy density, efficiency, and environmental effect, different chemistries have diverse properties.
- The power rating. How much power delivery capacity does the battery storage system have at any given time? Make sure the solution you choose can manage the required load at peak times.
- The warranty. All batteries eventually degrade, so knowing the estimated lifespan is essential for planning and calculating the installation’s overall cost.
- Safe and secure battery solution. Does the system have a built-in protection mechanism against overcharging and thermal events? And what is offered when an unexpected situation necessitates expert guidance and action from the battery supplier?
- Contact and support. Do you know whom to contact for product inquiries? And do you get assistance in your native language, or do you have to contact the battery manufacturer on your own?
Answering these questions may be quite difficult. Especially if you lack a thorough understanding of the rules and regulations that govern your industry. Let’s handle this procedure by leaving your contacts and we well get back to you with an answer. We’ll talk about your ideas, and perhaps you’ll have a better understanding of your energy storage requirements.
Energy Storage Systems for residentials
The current market situation has increased the interest to combine solar panel systems with a battery to store energy for later use.
[…] Aside from being all around in our daily lives, lithium-ion batteries play an important role in the green transition to renewable energy. We may not only invest in off-grid, solar, and wind power with their assistance, but we can also store excess energy for later use in our facilities. They are now employed in home and industrial energy storage systems. […]