solar Energy Manage

Smart Energy Storage Methods Helping Companies Save Money and Power

Topaz Solar Farm Energy Manage

Companies are increasingly turning to intelligent energy storage solutions to reduce emissions, increase energy efficiency and enable renewable energy.

According to proudgreenbuilding.com, benefits of intelligent energy storage include:

  • Demand charge reduction – Intelligent energy storage reduces demand for energy from utilities, thus reducing the company’s carbon footprint while saving money. It also allows it to respond automatically to spikes in energy usage without increasing electricity costs.
  • Onsite power generation – Companies can use intelligent energy storage to implement renewable energy sources such as solar and wind power. This offsets energy demand and reduces its carbon footprint. Companies employing this method can sell unused power back to the grid, resulting in an even greater impact to the bottom line.
  • Improved backup control – Blackouts and other power shortage situations can threaten a company’s productivity. However, intelligent energy storage can detect shortages and implement stored power reserves automatically so that a company’s operations are uninterrupted.
  • Intelligent building management – Building automation systems (BAS) and building information management (BIM) increases facilities’ operational efficiency by automatically monitoring building systems. BAS and BIM are supported by intelligent energy storage, which increases the efficiency by which buildings use, generate and store energy.

Hybrid Energy Storage Systems (HESS) — an energy efficient storage alternative — have gained media attention of late. The advantages to deploying an HESS include lower cost, increased system efficiency, increased system lifetime due to optimized operation, and the ability to do more and last longer with less overall storage capacity.

States, as well as companies, are adopting energy efficient energy storage initiatives. Today, the New York legislature announced that it has unanimously passed a bill establishing an energy storage deployment program.  The bill, S. 5190, aims to promote the installation of energy storage systems.

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