- Energy Time Shifting: Battery storage enables the utilization of excess energy during off-peak periods, reducing reliance on costly peak-time electricity and optimizing energy consumption.
- Demand Response: Battery energy storage systems can participate in demand response programs, where energy can be dispatched based on grid signals or price incentives, providing flexibility to the grid and potentially earning revenue for the system owner.
- Grid Reliability and Stability: Battery storage can support the grid by providing fast-response services, regulating frequency and voltage, and improving overall grid reliability and stability.
- Renewable Integration: Battery systems help mitigate the intermittency of renewable energy sources by storing excess energy and delivering it when needed, facilitating higher renewable energy penetration.
- Cost Savings: By optimizing energy consumption, reducing peak demand charges, and providing grid services, battery energy storage systems can help reduce energy costs and potentially generate revenue through participation in energy markets.
