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Internet of Things( IoT) sensors, artificial intelligence( AI), Application Programming Interfaces( APIs), Distributed Energy Resource Management Systems( DERMS) and digital twins work together as a stack to form a smart storage network
Powering change with storage solutions
Energy storage systems are fundamentally transforming the energy market by providing a range of benefits to stakeholders across the energy ecosystem. For example, at a strategic level, policymakers with a focus on enhancing the UK’ s energy security eye these systems to address volatility in the electricity market and ensure a stable energy supply.
At a consumer level, energy storage systems empower individuals to control their energy bills by stockpiling electricity when prices are low, and then drawing down from the cheap, stored energy when prices are high. Meanwhile, for energy providers, the ability to influence customer consumption outside of peak periods helps improve operational margins. Ultimately, advanced storage solutions separate energy production from usage, providing market participants with the agency and flexibility to align their energy choices with their specific priorities- whether that’ s affordability, reliability or sustainability, or a balance of all three.
Battery storage systems also play a key role in supporting renewable energy sources, which are central to the UK government’ s energy strategy. Indeed, the UK government is aiming for at least 95 percent of electricity generation to come from low-carbon sources by 2030, and achieving this is expected to drive high levels of energy investment of around £ 40 billion per year between 2025-2030.
Storing surplus energy produced during times of peak sunlight or heavy winds to be used when production drops, such as at night or during calmer weather, also helps to reduce the reliance on imported fossil fuels. This is a key element of energy independence and enables the UK to reduce its exposure to the impacts of geopolitical factors on global energy prices.
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