Tag: Energy Storage Growth Predictions

Take-up of battery energy storage use

Posted on by Linda

High-Electricity-Prices

 

There are a variety of reasons that people choose to make use of battery storage.
In the domestic market the most common ones are to reduce the price they are paying for ever increasing electricity costs by shifting power from their solar panels collected during the day to when it is needed at night. This is particularly relevant to people that are on low “feed in tariffs” or higher “feed in tariffs” that are finishing in the near future.
Another reason is for stability of supply as many areas are getting more and more outages as pressure is put on a grid that has been privatized and may not be doing as much maintenance as is required.
Many people recognise that using renewable energy, including storage is not just about an investment and getting a return on moneys invested but it is a matter of reducing the reliance on coal powered electricity generation and protecting the planet we have for our children.

 

This take-up of energy storage will only increase as its usage increases, similar to the take-up of solar panels.
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Energy Storage Growth Predictions

Posted on by Linda

Photovoltaic (PV) electricity generation’s biggest weakness up until now has been its inability to supply power at the times it is most needed.Energy Storage-Growth

 

This can be addressed with the installation of battery systems that allow households and businesses to store renewable energy for use in peak periods.

The use of both photovoltaics and wind energy is increasing but it is the intermittent supply of both these sources of energy production that will drive the take up of battery storage.

As the price of electricity increases and the price of batteries decrease the use of batteries will become a better financial option for many people, particularly those that recognise the benefits to storing current electricity supply options and reducing the strain on the coal powered electricity generation supply at peak usage times.

However, although many people are saying they will wait until the price of batteries has come down, similar to the massive decrease in solar panels, there have been a number of studies done that prove that this will actually cost you money. When you work out the amount of money you will save on electricity costs over the next few years this will, in fact, be more than the expected decrease in the price of batteries.

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