Afraid of the future? Then conserve energy today!

As a developing country, the requirement of electrical power in India is hitting maximum every year. According to the government data, the power consumption of India has raised nearly13 percent to 126.16 billion units in 2023. India has enacted very well to show increased growth of 40 percent in non-fuel-based energy systems by 2030 to necessitate the demand for stretchability of power systems. Accompanying this demand, the escalating climate change and increased greenhouse gases also threatening the global communities. To facilitate these economic and environmental menacing challenges, the global communities turned their head towards the concept of zero emission energy storage system. Moreover, it paved the way for industries and stalk holders to seize the energy storage system to enhance their grid stability and reliability.

What is Energy storage system?

On account of increasing energy cost and ecological challenges in electrical power system, energy storage system stores and delivers the energy in needed time and brings effective cost savings to industries and utilities. By switching to energy storage, it vitalize the grid resiliency and reliability without harming the natural resources.

Accessible Types of Energy Storage System (ESS) Technologies:

‘Energy saved is Energy generated’

- Electrochemical Energy Storage: Converting electrochemical energy to electrical energy, it remains one of the important methods of energy storage system for power generation. It has been generating by various battery technologies using different chemical compounds.

- Battery Storage: Batteries receive energy from power stations or natural resources and stores to release it when needed. As a part of energy saving system, batteries are reusable and recycling materials which helps to achieve the goals of sustainability.

- Thermal Storage: Collecting the excess energy in the form of heating and cooling process, thermal storage system allows using the collected energy later in demanded period. It facilitates the demand for energy and regulates the power balance in summer and winter seasons.

- Hydrogen Storage: It is very important to preserve the hydrogen for future consumption using various mechanical techniques. Hydrogen storage is majorly applied in transportation and industrial sector for fuel and power supply respectively.

Emerging Trends in Energy Storage System:

Advanced Lithium Batteries: Over the last few decades, lithium batteries have been used in various applications in automobile industries. But today it enhanced its reliability and performance in everything from mobiles to electric power vehicles. Eventually the advancement of lithium batteries have acquired top position in energy storage applications, nowadays industries and startups have started to divulge to modify the lithium batteries with emerging technologies to enhance their product reliability and resilience.

Distributed Storage System: This system can be blended with technology to solve demanding situation like collapsing of power grids. This helps in solving the hurdles and unnecessary impairments. Today, industries are using distributed storage system to avoid a double counting in power stations, as it has capability to produce instant energy and allows retaining for further power needs.

Rechargeable Redox Flow Batteries: These batteries are carried out by reduction and oxidation process of chemical reactions. In the phase of cost effective and sustainable energy storage technologies, Redox flow batteries plays essential role in energy storage from renewable resources. These batteries are prominently used in industries for stationary applications to obtain ceaseless power supply.

Discovering the Immersive Benefits of Energy Storage Systems:

Minimized Expenditure: The technology of energy storage system remains beneficial in reducing the electricity expenditure. As we all know, electricity bills are variably depending on the time, when energy is stored for later use, it can help to eliminate the massive capital expenditure in peak time.

Advanced Protection: During the power shortage, the stored energy can be used to avoid interruptions and allow the system to continue operations. Specifically, it helps during the natural disasters when the uninterrupted power supply is challenging. For advanced protection, deploying energy storage system ultimately helps in medical and emergency services in troubled situations.

Environmental Benefits: The process of Energy storage has no emissions and it can be posses without environmental impacts. Adopting energy storage system in industries results in increased growth of renewable sources and ensures the deep routed ecological growth.

Immersive Business Opportunities: This system attracts investments and driving innovations toward renewable energy storage sector. Thus, the enlarged necessity of energy storage system creates numerous business opportunities and holds a potential to contribute positive impact in economic growth.

The Way Forward: Having a capability of enticing number of industries with standard source of profit by utilizing renewable sources, we can expect an immersive enhancement in Energy Storage sector. As the global communities continue the transition towards renewable and decarbonized future, the energy storage system will be the indispensable factor to achieve the sustainable goals. Overall, the energy storage system with integration of technology is ready to contribute an important role in economical and environmental transition globally.

QUOTE: ‘Save Energy, Save Money, Save Nation, and Save the planet’