By combining energy storage and renewable resources, renewable energy can be made "dispatch able," which means it can be stored for use when needed.
Fremont, CA: Getting a battery has three main benefits: maximizing solar self-supply, saving money, and providing backup power. However, energy storage offers numerous benefits both to you and to society as a whole, beyond these reasons to buy it for your home or business. Here are a few of the benefits provided by energy storage, split between home and business owners and the grid/society at large.
Energy storage provides resiliency.
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The ability to keep the electricity on in the face of adverse conditions, such as major storm events or other types of utility outages, is referred to as resiliency in the energy industry. The purpose of energy storage is to provide emergency backup power. When you combine energy storage with solar panels, your lights will stay on even during a power outage. Most homeowners and business owners add energy storage these days for resiliency reasons.
Energy storage provides financial benefits.
Storage systems can provide financial benefits in some situations, even though backup power is the primary reason people install them today. Time of use rates and demand charges are the two main ways that storage can provide financial benefits. In either of those cases, you can use your battery instead of the grid at times when you'd be charged more. Additionally, energy storage can maximize the financial savings you get from solar if you don't have access to one-to-one net metering by allowing you to consume more of the solar you produce.
Energy storage helps integrate renewables.
In addition to helping the grid integrate renewable energy better, energy storage has many other benefits. Therefore, it enables other clean energy technologies. The steps are as follows:
Renewable energy technologies are primarily criticized for their variability in power production. Renewable energy sources produce when the sun shines, and the wind blows, whereas the electric grid was designed to accommodate fossil fuel-fired power plants that can turn on when needed. The number of renewable power facilities is increasing, so it's important to align their output with the demand for electricity.
This is where energy storage can be useful. By combining energy storage and renewable resources, renewable energy can be made "dispatchable," which means it can be stored for use when needed. With energy storage, wind and solar operate almost as well as existing power plants, but without the emissions!
Energy storage provides additional grid benefits.
The grid benefits from energy storage in more ways than one. It allows renewable energy to be added to the grid. Most, if not all, of the services required to keep our electrical system running, can be provided by energy storage.