Battery storage offers protection from fluctuating energy prices
For most companies’ energy bills are a significant expense and taking steps to better manage your energy use, as well as reducing carbon emissions, can directly impact your cost structure, competitiveness, reputation and CSR credentials.
Commercial battery storage is set to play a major role in the global energy mix in the future and, when used in conjunction with renewable technologies such as Commercial solar PV (photovoltaic) system, it can help manage and protect your business from fluctuating energy costs and reduce its carbon emissions.
What are energy storage systems and how do they work?
Renewable energy storage, also known as Energy Storage Systems (ESS) is an advanced green technology.
Most systems use lithium-ion chemistry and work by capturing and storing energy generated from renewable technologies, these can include solar, wind, biomass and wave.
The batteries can also work independently of a renewable energy source, by storing cheaper energy from the grid which can then be released and redistributed across a business when it is most needed.
By allowing your battery to support the National Grid through the ‘balancing mechanism’ additional revenue can be generated.
Energy storage systems do not produce any emissions during operation and therefore contribute toward the binding climate change and emissions targets that the UK has committed to under the Climate Change Act 2008.
Commercial solar battery storage
In the case of a roof top or ground mount solar PV system, the energy captured by the panels during daylight hours can be stored by the battery which can then be used to power your business during peak high tariff times, when energy purchased from the grid is at a premium, or at night.
Is battery storage right for your business?
To understand whether battery storage is right for your business, you need to consider your current energy usage. Corporate Utilities will work with you to examine your current energy consumption, before creating a strategy that includes system sizing to ensure it will meet the demands of your business.
Financing a battery storage solution
Corporate Utilities provides a range of finance and funding options for battery power solutions and renewable technologies.
*One cycle per day, based upon a medium sized business using 15,000Kw per year.