FEATURE
increase according to how rapidly an organisation can switch its electricity use and stimulate emissions reductions. Organisations can also participate in National Grid schemes such as firm frequency response (FFR), which is a balancing service that allows businesses to react quickly to changes in system frequency.
Harnessing energy with battery storage The UK energy landscape is changing and an increasing dependency on imported gas and oil may result in more volatile wholesale prices for UK consumers. When used together, solar and battery storage technology maximise cost savings that mitigate market fluctuations. Businesses can also develop new revenue streams, making their stored energy available to the UK network.
The right supplier will optimise efficiency Choosing an energy supplier that can optimise battery technology by carrying out in-day trading and provide day- ahead pricing, will help maximise savings and revenue. The energy supplier will also provide an automated system to help businesses switch between buying electricity and using battery-stored energy quickly and effectively. Suppliers should also provide reporting which
www.tomorrowsfm.com
shows energy use from renewables and can be fed into an organisation’s total emissions report.
“According to UK greenhouse gas
emissions figures, business is responsible for 17% of harmful output.”
No longer confined to just large-scale energy users, battery technology is here to stay. Home Farm in Braunston is just one of many businesses experimenting with battery technology to store excess electricity and sell it back to the grid. This trend is set to continue, with some $620bn expected to be invested in energy storage over the next 22 years according to Bloomberg. Businesses that fail to give genuine consideration to the technology risk the costs and diminished competitive advantage associated with being late-adopters. They may also have to play catch-up on emissions reductions. There is one certainty – battery technology has huge potential and cannot be ignored any longer.
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