Using battery energy storage systems (BESS) for peak shaving offers several significant benefits:
Main Benefits of BESS for Peak Shaving
- Cost Savings:
- Demand Charge Reductions: By storing energy during off-peak hours and using it during peak times, businesses can significantly reduce their demand charges, which are often based on the highest power consumption during any interval in a billing period.
- Energy Price Arbitrage: Consumers can charge batteries when electricity is cheap and use stored energy when prices are high, leading to financial savings.
- Grid Stability and Efficiency:
- Smoothening Demand Spikes: Peak shaving helps stabilize the grid by reducing the need for additional power generation capacity during high-demand periods, which can prevent power outages and reduce stress on the grid.
- Sustainability: Reducing peak demand helps reduce the need for new infrastructure, minimizing environmental impacts associated with power line and cable installations.
- Energy Independence and Resilience:
- Backup Power: BESS can provide backup power during outages, ensuring continuous operation for critical infrastructure.
- Renewable Energy Integration: Excess energy from solar or wind can be stored and used when needed, promoting self-sufficiency and reducing reliance on the grid during peak hours.
- Operational Flexibility:
- Inflexible Loads: Peak shaving is particularly beneficial for operations that cannot be easily shifted to off-peak times, allowing them to run continuously without straining the grid.
Overall, integrating BESS for peak shaving enhances both economic efficiency and environmental sustainability by reducing energy costs and minimizing impacts on the electrical grid.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-are-the-main-benefits-of-using-battery-energy-storage-systems-for-peak-shaving/
