BESSBattery Energy Storage Systems

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Unlocking the Potential of Battery Energy Storage Systems

As the world shifts towards more sustainable and efficient energy solutions, Battery Energy Storage Systems (BESS) are emerging as a crucial tool for industrial customers. These advanced systems help manage energy costs and provide a range of strategic benefits that enhance operational resilience and sustainability. Here are some eye-catching points about BESS for industrial customers:

BATTERY STORAGE

Key Benefits of BESS

Cut Peak Demand Charges:

By shifting energy usage from high-cost to low-cost periods, BESS can reduce peak demand charges by 30-70%. This precision energy shifting targets your highest-cost energy periods, significantly saving costs.

Create Revenue Through Grid Services:

Earn ongoing income by participating in frequency regulation, capacity, and demand response markets. This diversifies your revenue streams and enhances your facility's financial stability.

Ensure Production Continuity:

Maintain critical operations during grid outages with battery backup. This ensures your production lines remain uninterrupted, protecting sensitive equipment and avoiding costly downtime.

Maximize Self-Consumption of On-Site Renewables:

Store excess solar or wind generation instead of selling it at low wholesale rates. This maximizes the use of your renewable energy sources, reducing reliance on the grid and lowering energy costs.

Hedge Against Volatile Energy Costs:

Control when and how much you pay for electricity by storing energy during low-cost periods and using it during high-cost periods. This strategy helps mitigate the impact of volatile energy prices.

Substantial Incentives and Tax Benefits

Leverage the Investment Tax Credit, accelerated depreciation, and utility rebates to offset the initial investment in BESS. These incentives can significantly enhance the financial viability of your project.

Achieve Rapid ROI

With falling battery prices, BESS systems can deliver a return on investment as short as 3-5 years. This rapid payback period makes BESS an attractive investment for industrial facilities.

Seamless Integration with Existing Systems:

Modern BESS solutions integrate seamlessly with your current infrastructure and control systems, ensuring minimal disruption during installation and operation.

How BESS Works

BESS captures electricity during low-cost periods or from renewable generation and discharges it during high-cost periods or when backup power is needed. The core components include:

  • Battery Modules:
    Typically lithium-ion batteries arranged in racks.

     

  • Power Conversion System: Converts AC to DC for storage and DC to AC for discharge.
  • Battery Management System:
    Monitors cell health, temperature, and state of charge.

     

  • Control System:
    Optimizes charging/discharging based on programmed algorithms.
  • HVAC:
    Maintains optimal temperature for battery performance and safety.

Strategic Advantages

  • Future-Proofing:
    Positions your facility as grid-responsive and sustainable, preparing you for evolving energy market conditions.

  • Enhanced ESG Reporting:
    Provides data and insights on energy consumption patterns,     enhancing your environmental, social, and governance (ESG) metrics.

    BESS offers industrial customers a comprehensive solution for managing energy costs, enhancing operational resilience, and achieving sustainability goals. By leveraging these systems, businesses can not only reduce their environmental footprint but also improve their bottom line through strategic energy management and revenue generation.

TPI Efficiency can help businesses with on-site Battery Energy Storage Systems (BESS) by leveraging its comprehensive energy management services. While TPI Efficiency primarily focuses on energy consulting, procurement, and sustainability solutions, its expertise can be adapted to support businesses in integrating BESS into their energy strategies. Here’s how TPI can assist:

Key Services & Solutions

Battery Energy Storage

  • Energy Consulting and Procurement:
    TPI can help businesses navigate the market for energy storage solutions, including identifying suitable battery technologies and negotiating contracts with suppliers.

  • Renewable Energy Solutions:
    TPI offers expertise in solar and other renewable energy options, which can be integrated with battery storage to enhance energy independence and reduce reliance on the grid.

  • Sustainability Planning:
    By incorporating battery storage into broader sustainability strategies, TPI can help businesses reduce their carbon footprint and meet environmental goals.

  • Project Funding Support:
    TPI provides financing options and grant writing services that can help businesses afford the upfront costs of installing on-site battery storage systems.

  • Risk Management:
    TPI’s risk management services can help businesses mitigate the financial risks associated with energy market volatility, which is crucial when investing in battery storage systems.

Potential for Integration with Battery Energy Storage

  • Demand Response Solutions:
    TPI’s demand response services can be aligned with battery storage to optimize energy usage during peak hours, reducing costs and enhancing grid stability.

  • Customized Energy Strategies:
    TPI can help businesses optimize their energy consumption and reduce peak demand charges     by developing tailored energy plans that include battery storage.
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While TPI Efficiency does not explicitly focus on battery energy storage, its broad range of energy management services can support businesses in integrating BESS into their operations, enhancing energy efficiency, and reducing costs.

Electricity Explained

EIA: Energy Storage for Electricity Generation

An energy storage system (ESS) for electricity generation uses electricity (or some other energy source, such as solar-thermal energy) to charge an energy storage system or device, which is discharged to supply (generate) electricity when needed at desired levels and quality. ESSs provide a variety of services to support electric power grids. In some cases, ESSs may be paired or co-located with other generation resources to improve the economic efficiency of one or both systems.

Types of energy storage systems for electricity generation

The five types of ESSs in commercial use in the United States, in order of total power generation capacity as of the end of 2022 are:

  • Pumped-storage hydroelectric
  • Batteries (electro-chemical)
  • Solar electric with thermal energy storage
  • Compressed-air storage
  • Flywheels

Other types of ESSs that are in various stages of research, development, and commercialization include capacitors and super-conducting magnetic storage.

Hydrogen, when produced by electrolysis and used to generate electricity, could be considered a form of energy storage for electricity generation. Thermal ice-storage systems use electricity during the night to make ice in a large vessel, which is used for cooling buildings during the day to avoid or reduce purchasing electricity when electricity is usually more expensive.

Electricity generation capacity of energy storage systems

Two basic ratings for ESS electricity generation capacity are:

Power capacity—the maximum instantaneous amount of electric power that can be generated continuously and is measured in units of watts (kilowatts [kW], megawatts [MW], or gigawatts [GW])

Energy capacity—the total amount of energy that can be stored in or discharged from the storage system and is measured in units of watthours (kilowatt-hours [kWh], megawatt-hours [MWh], or gigawatt hours [GWh])

 

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