Commercial Energy Storage
The UK has undergone a rapid transition toward renewable energy. In 2022, 41.5% of energy generated in the UK was from renewables compared to 40.8% generated by fossil fuels. The biggest challenge facing renewable energy producers has been that unless the energy is fed directly into the grid or used immediately, it’s lost.
Battery energy storage systems are offering the opportunity to capture generated electricity in a network of batteries. A grid of high-density Lithium-Ion batteries linked together can safely store electrical energy with a high level of efficiency. These solutions can be scaled up with additional capacity added when required.
Installing large scale storage on the grid network better enables the balancing of supply and demand and assists in providing technical services such as frequency response and voltage optimisation.
Time Of Use Benefits
Battery energy storage systems are not just an attractive option to renewable producers, they are also increasingly being adopted by forward-thinking businesses too. Storage systems can be used to store energy purchased at off-peak time, this is known as ”peak-shaving’.
The battery system can be switched on to distribute energy when tariffs are at their highest, cutting energy bills. Avoiding ‘red tariffs’ – when prices are at their highest – can save businesses of all sizes significant amounts.
Lithium-Ion Batteries
The most well-known and widely used in consumer electronics, lithium-ion batteries have high energy density, low standby losses and tolerance to cycling. There are many different applications, however the most popular at the moment is their application in electric vehicles.
They are very flexible in their discharge time, which can be realised from seconds to weeks. Although prices are still considered to be relatively high, they have started to come down in price and it is projected that this trend will continue in future years.
Can I have a battery system without Solar PV?
Yes! As business owners you do not require a solar PV plant on the roof for you to employ battery storage technology in your building in an effort to achieve some noticeable bill savings, using the peak-shaving method noted above.
Funding for Energy Storage
There are many business owners who value the flexibility that grid connected battery storage systems offer and may want to acquire this asset without employing upfront capital costs. Synergy Power has ongoing relationships with various battery funders who provide solutions for businesses prepared to enter contracts for the provision of battery storage services.
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Synergy Power is an MCS accredited company for PV installations and a member of the RECC, meaning you can be confident that all of our installations are carried out to a very high standard in accordance with UK regulations.