Balancing the Load
The single greatest challenge energy consumers & providers share is managing the balance between when power is generated vs. when it is needed. This unbalance stresses the grid during Peak Demand hours, burdening the utilities with the task of unpredictable load matching. Utilities then pass this burden on to the consumers in the form of peak demand charges that are often 1.5 - 2 times higher than normal energy costs.
Peak Demand Charges and Renewable Energy Sources
Increased peak demand charges are an everyday fact for many industries that require a large amount of power during peak demand periods. The increased load on energy providers causes them to utilize costly measures to ensure consumers receive the desired power. Renewable energy sources suffer from intermittent power generation and therefore need a way to preserve the energy created to properly distribute it when needed.
The Current Solution
Renewable energy sources are becoming increasingly common and with this comes an excess of wasted energy. When the time of energy creation doesn't match the need for the energy, it is going to waste.
Storage Bridges the Gap
By implementing energy storage, the issues of peak demand charges and wasted resources can be eliminated. Stored energy can then supplement traditional energy sources to meet real-time consumer demand.