Benefits of energy storage
Energy storage is an enabling technology, which – when paired with energy generated using renewable resources – can save consumers money, improve reliability and resilience,
Battery energy storage systems provide several benefits to individuals and businesses: Cost Savings: Companies and homeowners can significantly lower their electricity bills by optimizing their energy consumption. Alternative energy savings methods such as peak shaving can greatly reduce overall energy costs for facilities or homes.
When demand shifts and baseload resources can't react quickly enough, energy storage can be there. In simplest terms, energy storage enables electricity to be saved for a later, when and where it is most needed. This creates efficiencies and capabilities for the electric grid—including the ability to reduce greenhouse gas (GHG) emissions.
By using energy storage during brief outages, businesses can avoid costly disruptions and continue normal operations. Residents can save themselves from lost food and medicines, and the inconvenience of not having electricity.
Energy storage can save operational costs in powering the grid, as well as save money for electricity consumers who install energy storage in their homes and businesses.
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