How battery storage helps create resilient, sustainable business
edie's latest 'explains' report provides an introduction to Battery Storage. In this piece Ian Hopkins adds his own perspective on the value of storage and the drivers and opportunities for business.
Growing numbers of organisations are now taking advantage of the falling costs of battery storage to enhance their onsite generation performance. This is improving energy security, sustainability and savings. edie's latest Explains Report lays out the basics of Battery Storage, but there are three powerful reasons why you should to be exploring this technology.
1. Securing energy resiliency
Batteries can instantly switch on an uninterruptable power supply (UPS) in response to energy disruption – providing reliable, zero emissions protection to energy-intensive organisations, such as hospitals and manufacturing sites. This offers an alternative to traditional diesel back-up generators, or can provide an extra tier of emergency power for the most critical sites. It ensures that your business is 'always on', whether there's a brief power interruption or prolonged grid failure.
The urgent need to improve energy resilience, due to the growing threat of energy-related failure, helps explain the growth of the battery storage market, but there are other strong reasons.
2. Savings (and revenue generation)
The role of batteries in providing emergency power is usually occasional and brief. Meanwhile, stored onsite power from solar, Combined Heat and Power (CHP), or wind, can be deployed instead of grid power when energy prices spike, e,g. Triad periods. The battery can then be recharged using grid power during low cost periods, or via onsite generation – resulting in huge energy cost savings.
Another financial benefit is the potential to earn revenue from premium Demand Side Response (DSR) schemes, such as dynamic Firm Frequency Response (dFFR), which is ideally suited to the ultra-fast reaction time of modern battery technologies. There's further opportunities to earn income from the Capacity Market and Imbalance Market.
As a zero-emissions technology, battery storage provides the most sustainable form of backup power. When combined with solar to create a hybrid renewable system it improves the utilisation of available solar energy. This reduces reliance on fossil-fuelled grid supplied power, resulting in a significant reduction in CO2 emissions.
It also improves environmental compliance, reduces green energy taxes and enhances brand reputation. Due to its important contribution to network stability, battery storage helps accommodate more intermittent wind and solar power onto the network.
Battery storage expertise
Centrica Business Solutions takes the complexity out of the design, delivery, finance and operation of battery storage projects. We provide zero CAPEX funding options and fully integrated distributed energy solutions to maximise the value of your onsite generation assets.
We've constructed the world’s largest (49MW) commercial storage facility at Roosecote, and the UK's largest battery (3MW) for Gateshead Council, which provides energy security for 3,000 homes and generates DSR income for the Local Authority. Our innovative project at the Olde House farm and holiday retreat combines flow battery storage with solar and blockchain – as part of our Cornwall Local Energy Market project.
Learn more about how Centrica Business Solutions can provide complete support to your battery storage project here, or get in touch below.