In today’s era, the power industry is facing more and more challenges, and consumers want cleaner, reliable and affordable electricity. More and more enterprises are turning to solar and storage technologies to reduce demand expenses and optimize energy cost management.
Commercial battery storage is a common energy cost management tool, and its use in combination with renewable technologies such as commercial solar can help companies withstand fluctuations in energy costs and protect business interests. The money saved by installing commercial battery storage can be invested in business development, further boosting the growth of the enterprise.
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What is Commercial Battery Storage?
Commercial battery storage is basically a large type of energy storage device that we usually put outside of buildings. If the device is connected to a solar photovoltaic system, it can be charged when the sun is shining. In the case of low energy demand, it can also draw electricity from the grid at night for charging.
The battery has a feature called Dynamic frequency Stabilization Response (DFFR), which monitors and releases stored energy. The inside of a solar cell is actually made up of many rechargeable lithium ions, which are stored in small battery packs inside the device.
What are The Benefits of Commercial Battery Storage?
The use of commercial battery storage brings many benefits. In simple terms, battery storage lets you store energy and use it when you need it. It involves using a solar system to charge and then discharge it at night or during periods of peak demand. By combining battery storage with commercial solar installations, companies can convert more solar energy into usable electricity, increasing savings through renewables and reducing reliance on the grid.
There are several key benefits to adopting commercial battery storage, including:
Increase energy independence
By combining battery storage with commercial solar installations, companies are able to store excess energy generated during the day and use it during off-peak hours, reducing reliance on the grid and ensuring a more reliable power supply. In general, companies use solar systems to offset 30% of their energy consumption, which can easily reach 50-70%, or even 100%.
Save electricity
By reducing reliance on electricity from the grid, commercial battery storage allows businesses to reduce peak demand expenses and be protected from fluctuations in electricity prices, which can significantly reduce electricity bills.
In addition, as battery costs continue to fall, the economics of using battery storage systems continue to improve. Based on recent energy prices, we see that the payback period of 100kWh – 500kWh battery storage systems (BESS) has been reduced to 8 years, that is, after the purchase of battery storage systems, the investment cost can be recouped through the savings in electricity bills within 8 years.
Enhanced energy resilience
The battery storage system can be configured to provide backup power in the event of a grid interruption or emergency, ensuring that business operations will not be affected. This is particularly important in industries that rely on uninterruptible power supplies, such as healthcare, manufacturing, and telecommunications.
Environmental sustainability
By relying more on clean and renewable energy, businesses can reduce their carbon footprint and play an active role in mitigating climate change and promoting sustainable practices.
Commercial Battery Storage Applications
The most basic application of commercial battery energy storage is through nighttime load discharge. However, this is just one application for commercial battery energy storage.
Other applications for battery storage include:
Pitch peak
Electricity rates are usually higher during periods of peak demand. By releasing stored energy during these peak times, businesses can reduce a significant portion of their electricity bills, which is what we call peak balancing.
Load transfer
Load shifting refers to the practice of reallocating energy consumption from periods of high demand to periods of low demand. Battery storage systems allow enterprises to store excess energy during off-peak hours and use it during peak hours, which can not only effectively reduce electricity bills, but also support the stable operation of the grid.
Microgrid
In microgrid applications, commercial battery storage plays a very important role. Microgrids are local energy systems that can operate independently of the main grid. By combining solar energy with battery storage, companies can create self-contained microgrids that provide reliable power, especially in remote areas or end-of-grid locations.
Grid participation
For some more mature customers, they may also want to dispatch stored energy to the grid and participate in Frequency Control Assistance Services (FCAS) and the National Electricity Market (NEM) spot market. By using battery energy storage systems (BESS) in this way, companies can not only save on energy bills, but also gain additional revenue and improve their financial position.
Commercial Battery Storage Cost
Commercial battery storage cost varies depending on a number of factors, including the brand and whether equipment such as an inverter is required. In Australia, for example, a 10kWh battery typically costs between $10,000 and $20,000, while installation costs are around $4,000. For large commercial battery systems such as 40kw-100kw, these batteries will cost more than $40,000.
Although the initial cost of investing in commercial battery storage may seem high, it is still worth the investment when considering the long-term energy savings and environmental benefits. First, as electricity bills continue to rise, the use of battery storage systems can help businesses reduce their electricity bills, thereby achieving long-term savings. Secondly, the use of battery storage systems can improve the energy independence of enterprises and make enterprises more environmentally friendly.
Today, more and more companies are turning to solar and other renewable energy sources. For a growing number of businesses focused on sustainability and profitability, investing in solar panels and buying battery storage is a smart decision that can positively impact your long-term goals.
Should You be Thinking About Battery Storage Now?
For those who have already installed solar and benefited from it, considering battery storage is the next logical step. Battery storage may not be for everyone, and we’ll be the first to tell you when that happens, however, as steady increases in energy prices have led to uncertainty about the long-term outlook for the energy market, we’re starting to see an increase in battery usage.
Battery storage insulates companies from price fluctuations in one of their biggest cost inputs and provides energy independence, a feature that is becoming increasingly important. If you’ve seen significant increases in energy prices and are already using solar, now is a good time to conduct a battery feasibility study to get the latest data.
Our team can provide a comprehensive battery analysis detailing the cost of installing the battery, the expected savings in electricity bills and the environmental benefits. This will help you fully understand the long-term impact of battery storage and provide strong support for your decision making.
Dominating the Future of Energy: Scalability and flexibility of battery Storage
As our dependence on fossil fuels decreases, the search for sustainable energy solutions has become an important global issue. While we are on track to achieve net zero emissions, today we are decades or more away from achieving net zero emissions. To change the infrastructure we have long relied on, electricity providers will need to make massive investments, which could also lead to higher energy bills.
In this context, the scalability and flexibility of battery storage offers an effective solution. Not only does it help companies control their energy costs, it also allows them to take control of their own energy future. Investing in battery storage systems is investing in the energy solutions of the future.
As a specialist in renewable energy, GycxSolar will help you plan, implement and manage your commercial solar PV and energy storage systems (ESS). Our team will ensure you get the most out of the electricity you generate and store to reduce the energy you buy from the grid and manage any excess energy you sell back to the grid.
That’s how the scalability and flexibility of battery storage can change your energy future. We now have more options and possibilities than in the past, and we can better control our own energy needs and costs, rather than relying entirely on the grid. This is certainly a future worth looking forward to.
Conclusion
Battery storage is an excellent source of clean, renewable and green energy. There is no doubt that it requires a lot of upfront investment. However, they can help reduce energy costs during emergencies and after sunset.
If you want to reduce your carbon footprint and save money, or have questions about commercial battery storage, please feel free to contact our team at GycxSolar and we will be more than happy to assist you and provide a reliable power source for your business. We offer a wide range of commercial energy storage systems that have been carefully designed to meet the needs of your business.
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Frequently Asked Questions
What size solar cell storage does my business facility need?
The amount of battery storage you need depends on your energy usage pattern, the capacity of your photovoltaic system, and your energy goals. It is crucial to consult a battery storage expert who can analyze your needs and recommend a system that meets your business needs without unnecessary expenditures. For more information, please read about us.
Which battery is best for storage of photovoltaic system?
Lithium-ion batteries are generally the best choice for photovoltaic cell storage because of their high energy density, high efficiency, and longer service life.
What is the best way to store batteries for commercial use?
For optimal storage of commercial batteries, store them in a cool, dry environment and keep them in the recommended state of charge. Regular maintenance checks are essential to ensure safety and efficiency. Monitoring in conjunction with a management system can also extend battery life and performance.
How long does the battery last?
Just like the life of a mobile phone, the life of a battery depends on how often it is charged and discharged. Each manufacturer offers a minimum number of charges and a standard warranty.
