About Energy Storage
Energy storage is changing the way we view electricity generation and consumption. In the past, electricity would be produced, delivered to the grid and used by homes and businesses all in real-time. As demand throughout the day peaked, so did energy production.
Today’s energy landscape is changing. With increasing use of renewable energy coupled with the advancement of new energy storage technologies, there are real economic and environmental benefits to be realized.
In today’s world, energy storage plays a key role in maintaining and operating a reliable grid. It provides competitively priced electricity by storing power during high-peak generation times and dispatching it to the grid when it is needed most. It can also provide ancillary services such as voltage regulation and spinning reserves.
Energy storage can also help customers, utilities, governments and communities in additional ways. With energy storage, there could be shorter outages after storms, wildfires or other natural disasters. Quick deployment of the stored electricity can protect service to critical facilities. Fewer outages overall improve safety and lessen economic losses.
Energy storage is safe and proven. Lithium-ion batteries that are commonly used for storage solutions today have been used in smart phones, computers and automobiles for years.
The need for energy storage is expected to grow rapidly in the coming years. It is a cost-effective and reliable tool available to grid operators and renewable energy producers and offers more choice when it comes to managing electricity use.