5 Reasons to Invest in Energy Storage
What is intelligent energy storage?
Intelligent energy storage takes advantage of new and growing energy storage technologies to manage electrical demand efficiently, especially at peak hours. Every method of energy storage has advantages and disadvantages, and making use of the right kind of energy storage method for the right job can introduce cost-savings for businesses and consumers as well as lessen the strain on the environment.
What are some key examples of types of intelligent energy storage?
Alternative battery solutions: Flow batteries and compressed air batteries
Lithium-ion batteries are light and compact, but have the drawback of having a shorter life-span than other potential energy storage methods.
Thermal energy storage
Thermal energy from the sun can be stored in liquids such as water and then released later in the day to generate electricity. Thermal energy storage can also be used in other applications such as air conditioning if electricity is used to freeze water at off-peak times such as during the night, and then released later as cold energy during the daytime.
Pumped hydropower storage
Pumped hydropower storage has the potential to store massive amounts of energy, but requires suitable elevated locations to be found for the water to be stored.
Flywheels store kinetic energy in a spinning rotor and have the benefit of being very portable, efficient, and long-lasting, which makes them particularly suitable for placement close to consumers.
Why invest in and make use of intelligent energy storage?