Storing renewable energy is as important as generating it. This combination of storage and generation can unlock a slew of economic, resilience, and sustainability benefits that go beyond what solar can provide on its own.
Solar-plus storage systems combine a battery with a new or existing solar system to boost the system’s value.
The surplus electricity generated during sunny days is saved in a battery for future use, in times when the sun is not shining, peak demand costs are high, or the grid is down by the means of combining solar with a storage device.
Solar panels and battery systems, unlike generators, do not produce pollution. One of the most significant advantages of these systems is that they can help you save money on power.
One can avoid the expenses connected with electricity suppliers, develop self-sufficiency, and conserve the electricity generated, if one can back up the home with a battery system. All of these things are significant perks that this merger brings along.
Energy storage deployment in India is still not a viable alternative because the rates for a standalone integration of these technologies into the grid are not competitive. The numerous value stacks that provide storage revenue streams have yet to be seen in India. Large-scale deployments of this technology will not be possible till then.
Energy storage that is both efficient and cost-effective, as well as optimal hybridization, are critical for assuring the spread of renewable power generation on both the grid and microgrid scales.
Indian market lags well behind that of the United States, Europe, and China. Despite the high demand for this technology, the lack of a policy framework has stifled the growth of the battery energy storage business.
This is a PR News Feed; edited by Clean-Future Team