Modular Thermal Energy Storage Systems
How will utility providers balance an unpredictable demand with unpredictable supply? When demand exceeds the supply of energy, as it typically does from 12pm-6pm each day, it produces a “power gap”. Utility providers must turn to costly, fossil-fuel based peaker plants to address this gap and meet daily peak demand spikes. These expensive operational costs are then passed onto the consumer as peak demand costs on monthly utility bills and are 2-6x more expensive than of off-peak electricity. So how do we bridge this gap in an efficient, cost-effective way? There is an answer and its gaining popularity.
The Answer —> Energy Storage
Energy storage is the technology that “bridges” this gap between power production and consumption. It plays a vital role in this difficult balancing act as storage solutions balance supply and demand for utility providers by leveling out the overall daily power load. Surplus power can be stored at night to then be used during the day when there is a baseload power production deficit.
The LoCap Solution – A Thermal Battery
The LoCap Energy Modular Thermal Energy Storage System (MTESS) stores thermal energy produced during off-peak hours, and deploys it during on-peak hours. As a result, electricity demand is reduced by up to 40% during peak hours—a significant cost savings. By storing cooling for HVAC applications & process heat for power production applications, The MTESS provides significant savings to both the energy producer & energy consumer.
What’s Your Potential?
How will your business benefit by implementing Thermal Energy Storage to your existing infrastructure? Reach out today for your FREE energy audit and discover your unrealized savings potential!