1
Peak shaving
In other words, the reduction of peak loads for a specific facility, exploiting the possibility to store energy to be subsequently used during peak loads, obtaining savings in the energy tariff component pertaining to the applied energy supply.
2
Arbitrage
Consisting of the charging process of a battery when energy prices are lower (e.g. at night), while using its energy when prices are higher to generate earnings from the price difference. The arbitrage can be applied to both fixed tariffs (e.g. “Time of Use” tariffs, where prices depend on the time of withdrawal) and energy markets (e.g. wholesale, balancing).
3
Self-consumption
Meaning, storing the locally generated energy surplus from renewable sources to use it at a later time, thus reducing the degree of dependency of a network facility while compensating the intermittent nature of renewables.
4
Resilience
Specifically, the guarantee of a supply continuity for manufacturing activities by managing interruptions in the power grid.
5
Power Quality
Namely, improving the quality of energy used in a facility, by carrying out voltage and reactive power compensation, in order to keep such parameters within network and site operational limits and preserve machinery from damages.
6
Network services
Thanks to their ability to rapidly and accurately modulate generated or absorbed power, storage systems can provide the power grid with a wide range of services, balancing its supply while reducing management costs.
