Application areas and development potential of energy storage in 2023

Views: 72     Author: Site Editor     Publish Time: 2023-07-03      Origin: Site

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From residential to commercial and industrial, the popularity and development of energy storage is one of the key bridges to energy transition and carbon emission reduction, and is exploding in 2023 supported by the promotion of government and subsidy policies around the world. The growth in the number of installed energy storage facilities worldwide is further propelled by a variety of factors including skyrocketing energy prices, falling LiFePO4 battery prices, frequent power outages, supply chain shortages, and the demand for efficient energy sources. So where exactly does energy storage play an extraordinary role?


Application areas and development potential of energy storage in 2023


Increase PV for self-consumption


Clean energy is resilient energy, when there is enough light, solar power can meet all your daytime appliance use, but the only shortcoming is that the excess energy will be wasted, the emergence of energy storage to fill this shortcoming. As the cost of energy increases, if you can make sufficient use of the energy from solar panels, you can greatly reduce the cost of electricity, and the excess power during the day can also be stored in the battery system, enhancing the ability of photovoltaic self-consumption, but also in the event of a power outage can be backed up. This is one of the reasons why residential energy storage is expanding and people are eager to get stable and lower cost electricity.


Peaking for high cost electricity prices


During peak hours, commercial applications often face higher energy costs than residential applications, and the increased cost of electricity leads to increased operating costs, so when battery storage systems are added to the power system, they are perfect for peaking. During peak periods, the system can directly call on the battery system to maintain the operation of large power equipment, while during the lowest cost periods, the battery can store power from the grid, thus reducing power costs and operating costs. In addition, the effect of peaking can also relieve the pressure on the grid during peak periods, reducing power fluctuations and power outages.


Electric Vehicle Charging Stations


The development of electric vehicles is no less rapid than energy storage, with Tesla and BYD electric vehicles being the top brands in the market. The combination of renewable energy and battery storage systems will allow these EV charging stations to be built wherever solar and wind energy are available. In China, many cabs have been replaced with electric vehicles as required, and the demand for charging stations has become very high, and some investors have seen this point of interest and invested in new charging stations that combine photovoltaic and energy storage to earn charging fees.


Community energy or microgrid


The most typical example is the application of community micro-grids, which are used in remote communities to generate power in isolation, through the combination of diesel generators, renewable energy and grid and other hybrid energy sources, using battery storage systems, energy control systems, PCS and other equipment to help remote mountain villages or stable and reliable power to ensure that they can maintain The normal needs of modern society.


Energy storage systems for solar farms


Many farmers have already installed solar panels as a source of electricity for their farms several years ago, but as farms grow larger, more and more powerful equipment (such as dryers) is used on the farm, and the cost of electricity increases. If the number of solar panels is increased, 50% of the electricity will be wasted when the high-powered equipment is not working, so the energy storage system can help the farmer to better manage the farm's electricity consumption, the excess power is stored in the battery, which can also be used as a backup in case of emergency, and you can abandon the diesel generator without having to put up with the harsh noise.


The core components of an energy storage system


Battery pack: The battery system is the core of the energy storage system, which determines the storage capacity of the energy storage system. Large storage battery is also composed of a single battery, scale from the technical aspects and not much room for cost reduction, so the larger the scale of the energy storage project, the higher the percentage of batteries.


BMS (Battery Management System): Battery Management System (BMS) as a key monitoring system, is an important part of the energy storage battery system.


PCS (energy storage converter): The converter (PCS) is a key link in the energy storage power plant, controlling the charging and discharging of the battery and performing AC-DC conversion to supply power directly to the AC load in the absence of the grid.


EMS (Energy Management System): EMS (Energy Management System) acts as the decision making role in the energy storage system and is the decision center of the energy storage system. Through EMS, energy storage system participates in grid scheduling, virtual power plant scheduling, "source-grid-load-storage" interaction, etc.


Energy storage temperature control and fire control: Large-scale energy storage is the main track of energy storage temperature control. Large-scale energy storage has a large capacity, complex operating environment and other characteristics, the temperature control system requirements are higher, is expected to enhance the proportion of liquid cooling.


BSLBATT offers rack-mount and wall-mount battery solutions for residential energy storage and can be flexibly matched with a wide range of well-known inverters on the market, providing a wide range of options for residential energy transition. As more and more commercial operators and decision makers recognize the importance of conservation and decarbonization, commercial battery energy storage is also seeing a growing trend in 2023, and BSLBATT has introduced ESS-GRID product solutions for commercial and industrial energy storage applications, including battery packs, EMS, PCS and fire protection systems, for implementing energy storage applications in different scenarios.