Importance of Holy Grail Technology in 21 Century
Often, the energy storage is known as Holy Grail energy. It’s a solution of regular touted for fixing the power grid, a critical tool for renewable energy, also consider as a bridge between customers and utilities.
Probably, it’s true that the concept of grid-connected energy is not a new one. However, it is available commercially as a critical tool for making facilities, reducing bills and earning revenue. The solution of energy revenue is installing in many grid points. Nowadays, there are thousands and millions of grid-connected storage system.
How can we use the energy storage, while crossing facilities?
Currently, 150,000 and more megawatts of stored energy are installing through all over the world. There is a wide range of approaches that can be referred by the Holy Giant technology. In the industrial and commercial sector number of technologies can be operated as the standalone system. Here are some relevant facilities offers by energy storage.
- Solid-state batteries: often, a system is paired with the help of intelligent software, which can discharge and charge them on the behalf of energy usage, building energy, historical use pattern and weather pattern.
- Flywheels: these systems save electricity that is known as kinetic energy. In case, the power goes down or fluctuates, the rotor will continue for converted electricity into kinetic energy. Meanwhile, the Flywheels are quite useful for power reliability and quality.
- Flow batteries: it’s a rechargeable battery in which energy is stored in the solution of electrolyte through directly. Typically, the benefit includes fast response time and longer cycle.
- Thermal storage: It enables temporary energy that is a reserve in the form of cold and heat. For instance, working in the ice storage factory during the off-peak hours has low rates instead of on-peak hours. When the demands rate goes up, the Ac of the ice system turn off and ices are used for providing cooling.
Benefits of using Holy Grail technology
Energy storage depending upon the factors like utility rates, electrical load, and location, while provide an ideal solution to cut energy bills. Meanwhile, constantly the energy storage system cost is dropping and the customer-sited installation number is increasing rapidly. According to the research of GTM, in the sector of customer-sited, 142 % increased from installing MWH from Q1 2015 to Q1 2016. Also, it is an expectation that nearly 50% customer-sited deployments are forecasted by the year 2021. The Holy Grail energy has the following benefits while providing resources.
Provide environmental benefits:
To make a valuable tool, energy storage comes with the environmental benefits for the purpose of meeting the sustainability goal. While improving the power grid efficiency, the storage accelerates the adoption system of the renewable energy.
There is no emission at the local level in the storage system, so in the facility, it can be placed without air quality or immediate environmental impacts. If we paired with the solar PV, not only GHG-free also the combined system that is eligible for tax credit investment system.
The demand for charging reduction system:
Many industrial and commercial facilities are demanding charges on the subject to pay energy bills, it depends on the locations. The charges depend on the 15 minutes based period, through which the energy is demanded at the highest rate. In some cases, 50% can be counted in the total energy billing system.
Meanwhile, the solar PV or the efficiency of energy can reduce the consumptions, these are not always coinciding regarding peak using. Energy storage system prefers intelligent software paired that can easily track, reduced demand charges or facility load by dispatching the general battery power at the peak demand period, which can load flattening.
Demand to participate in the responsive program:
Demand response for industrial and commercial facilities in response to the traditional way that ratcheting down the demand. Holy Grail technology can enable the participation in response to demand to market without impacting operations and onsite energy. The storage system can enhance the utilization of the price while participating in the program of DR, also provide overall benefits
Maximized the rate of time usage:
The energy storage system can transfer the consumption from very expensive period to lower cost electricity at the time of low energy demands. Through this, the risk of decreasing on-site solar value has more value rather than anything.
In case of changing tariff structure and period of peak time are shifted in the evening, when there is no sunshine. Mostly, people prefer Holy Grail technology for reducing the risk of lower electricity rate. Also, the facilities reduce the risk of changing or time of use pricing.
Easily backup energy at the time of emergency:
The stored energy is planning the emergency power system because that is essential for the resilience plan. However, industrial and commercial facilities are significantly invested in the infrastructure of emergency backup.
With the advanced solution of storage energy many opportunities come in the market for the purpose of upgrading the infrastructure at the time of emergency backup, also considering money making or money saving solutions. By using the infrastructure, on the behalf of daily demand reduction charges the available outage can enhance according to the compared battery system.
Is the Holy Grail technology is considering the challenges storage?
Today, in the technical world, the Holy Grail technology comes with many facilities through diverse or complex ways. Additionally, facilities pay that rate which is comparatively low, so it becomes a challenge that the financing and investment rate have more benefits rather than other. Many storage companies are not providing any solution for industrial and commercial clients, due to this, challenge become an outcome of sufficient education system.
Meanwhile, the standards codes of energy storage become lagged behind the innovative technology system. Overall, Holy Grail energy storage is the way of making and utilizing money to provide facilities. Currently, there is only limited information regarding a solution, financing, and capabilities, but in future there is a chance of many options.