Smart energy storage equipment becomes the focus

How to optimize energy storage systems for multiple value streams?

Optimizing energy storage systems for multiple value streams and maximizing the value of storage assets depends on intelligent operating systems that analyze large datasets and make real-time decisions, automatically responding to changing conditions.

Why do we need energy storage solutions?

As the global energy transition accelerates, the need for reliable, scalable and cost-effective energy storage solutions has never been greater.

What is energy storage & how does it work?

Unlike passive energy technologies, such as solar PV or energy eficiency upgrades, energy storage is a dynamic, flexible asset that needs to be precisely scheduled to deliver the most value. Energy storage can be operated in a variety of ways to deliver customized services based on a customer’s unique needs.

How do distributed storage systems work?

During times of high demand, typical grids often risk failure. Distributed storage systems address this by allowing individual facilities to produce and retain energy on-site. The startups who provide these services sell the excess energy to the grid and help reduce reliance on traditional energy generation sources.

How is energy storage changing the world?

Energy storage adoption is growing amongst businesses, consumers, developers, and utilities. Storage markets are expected to grow thirteenfold to 158 GWh by 2024; set to become a $4.5 billion market by 2023. Figure 1 Source: Wood Mackenzie. The growth of storage is changing the way we produce, manage, and consume energy.

Are batteries the future of energy storage?

Developments in batteries and other energy storage technology have accelerated to a seemingly head-spinning pace recently — even for the scientists, investors, and business leaders at the forefront of the industry. After all, just two decades ago, batteries were widely believed to be destined for use only in small objects like laptops and watches.