Investing in energy storage could help to power up your business performance
As any budding entrepreneur will know, businesses require a lot of energy. And no, we’re not just talking about you after your morning coffee.
Energy generation is key to an active, growing organisation, and battery storage can be a simple yet effective solution for any business looking to acquire a fool-proof resource for their electricity.
Renewables now account for almost a quarter (24%) of the UK’s electricity generation, up from just 4% a decade ago. Battery storage is a key part of this, helping to create a smart, flexible energy system that remains unaffected by the fluctuations of the National Grid.
But what exactly does battery storage mean for businesses, and why should you be considering it? Don’t worry, we’ve got the answers to all your burning questions below.
The basics of business battery storage
Battery storage offers businesses a back-up to their electricity supply, meaning you have to rely less on energy from the grid and can often withstand power outages elsewhere by relying on charge in these batteries for a short period of time.
Batteries are often used to store energy generated from renewable sources such as solar photovoltaics and even wind turbines – something that can help save significant cost and emissions for large organisations with sizeable business premises in the long term.
As a result, many experts project that the market for business battery supply will reach upwards of £2.5 billion by 2030.
The benefits for your business
Battery storage can be an essential part of adapting your energy use for ultimate flexibility. Some of the potential benefits of taking this route to business energy include:
- New revenue streams: having the ability to take part in flexibility and wholesale markets
- No peak time energy costs: being able to charge during cheaper periods and discharge during periods of higher costs
- More onsite generation: enjoying the flexibility and security that comes with having your own energy supply to hand
- A bridge to backup: maintaining energy supply while your backup generation takes over
- Emergency energy: protecting the safety of your assets and equipment from damage and shutdown
- Greener solutions: maximising your energy strategy by enabling flexible onsite usage and boosting renewable generation utilisation
- Clean energy: making your business resilient to brownouts which could otherwise stall production
Battery storage can help to maximise the savings you make on your electricity by reducing consumption from the grid during peak times. This flexibility also places less pressure on the National Grid itself.
Bringing battery storage to your business
Finding a supplier for your battery storage is the first step to successfully implementing it into your business. Many leading UK providers now offer this as an option, so be sure to do your research and find the deal which best suits you.
Once you’ve selected a supplier, they’ll likely carry out an onsite visit, providing a spec based on your grid connections, consumption data and site loads.
Then, you’ll start discussing money. Finance options can be flexible when it comes to energy storage, so you’ll probably be able to choose between funding options from your supplier or funding the investment yourself.
Lastly comes the contract and the installation process. And once these are done and dusted, your battery is ready to go. Energy supply comes from the grid to your meter, with your metered supply feeding your battery storage and demand. This helps to maximise load shifting and allows you to participate in external storage markets.
Want to know more about how we can help you install batteries as part of your energy-saving efforts? Find out more here or contact us on 0191 691 18 02.