Depending on the time of day and the grid that you're on, it's very common to have peak energy rates much higher than the off peak rate.
In these cases, you can use the battery to charge at the lower rates and discharge at the higher rates, saving a significant amount of money.
If you generate your own renewable power through solar panels or wind turbines, you can store excess energy to use when the sun doesn't shine or the wind doesn't blow, meaning you don't need to turn to expensive grid power to fill the gaps.
Renewable energy can sometimes be unreliable – the sun doesn't always shine, and the wind doesn't always blow.
BESS-as-a-Service allows you to store excess energy from solar or wind generation and use it later, enhancing the quality, capacity and resilience of renewable supply, and reducing your reliance on carbon-heavy grid power.
It also helps lower carbon emissions by using cleaner energy during peak demand times, and by replacing fossil fuel generators with clean backup power.
You can meet sustainability and ESG goals through improved energy efficiency by reducing emissions and supporting renewable energy use. Businesses can showcase their commitment to sustainability and track progress through data from the included energy management platform.
For businesses that require 100% uptime from their infrastructure, including their electrical assets, back-up power is a must.
By storing energy in on-site battery systems, you can ensure that even in the event of a grid outage, you'll have uninterrupted, clean power.
And with a BESS, reaction times are in the milliseconds, meaning less costly downtime for your business.
ABB Electrification Service’s unique as-a-service model means that you can power your possibilities, thanks to a BESS solution, with no upfront capital expenditure. All the hardware, software, and support services are included in the as-a-service package.
We take care of the design of the system, the installation and commissioning including capital works, and even the ongoing maintenance of the system.
To find out more, request an obligation-free feasibility assessment.
According to the International Energy Agency’s World Energy Outlook 2024 report, global demand for electricity is set to double by 2050. That surge in demand has to be met with two global efforts: a ramping up of renewable energy generation and the continued adoption of battery solutions by businesses of all sizes, says Andressa Ferraz, Sustainability Advisory Services Leader for the EMEA region.
According to the International Energy Agency’s World Energy Outlook 2024 report, global demand for electricity is set to double by 2050. That surge in demand has to be met with two global efforts: a ramping up of renewable energy generation and the continued adoption of battery solutions by businesses of all sizes, says Andressa Ferraz, Sustainability Advisory Services Leader for the EMEA region.
An enormous change in the way energy is generated and consumed is underway, driven by a wide range of factors, from evolving regulatory and governmental oversight to a shift in the ways we all use power – particularly electricity.
The acceleration of EV adoption, for example, has meant that the demand for fast-charging capabilities puts new pressures on our electrical grids, and the proliferation of data centers – particularly those supporting the planet’s recent demand for generative AI – means that electrical power has never been more important. At the same time, the world has never paid more attention to how that electrical power is generated. With all eyes on business’s net zero credentials, and with many parts of the world mandating that progress toward decarbonization is tracked and improved each year, it’s never been more important to invest in clean energy. The effects of the climate crisis, alongside regional instability and conflict, mean that we are all more concerned with the security and reliability of our electricity supply than ever before. Businesses that require a predictable, stable supply of power need to take steps to ensure their supply is not compromised.
One answer to the twin questions of decarbonized power and energy security might be to generate your own. Many commercial buildings, be they shopping malls or hospitals, data centres or glass factories, have plenty of space on their roofs for solar panels.
Coupled with a battery energy storage system – or BESS – this clean source of energy can help power your facility even when the sun isn’t shining. And if you find that your solar panels are producing more energy than you need, you can even take advantage of AI-powered software to trade your energy back into your deregulated energy markets.
A common concern regarding the installation of a BESS is that it requires heavy investment upfront, has a long tail when it comes to returning on your investment, and, for businesses whose expertise does not lie in electrical infrastructure, requires too much specialist knowledge to maintain.
But with ABB’s unique BESS-as-a-Service model, all of those concerns can be put aside. Thanks to this model, implementing a BESS on your site is possible with no up-front capital expenditure. In addition, the planning, installation and ongoing maintenance of the equipment is handled by ABB – your single point of contact for all aspects of the implementation. You’ll also get access to management software that allows you to monitor the system from a single screen. Thanks to the savings possible with energy management, many of our customers see a positive financial return from day one.
A battery energy storage system, or BESS, is an onsite solution for energy storage. You can use the battery to store energy purchased from the grid, or energy that you have generated on your own premises. This energy can then be used to smooth out unreliable grid supply, bolster inadequate supply, or act as back-up in the event of total grid failure.
As well as being used for electricity storage, a BESS allows you to engage in energy arbitrage and peak shaving to make the most out of your energy use, and turn power into profit.
Precise battery capacity and chemistry is determined by customer need – ABB will work with you to determine your requirements and deliver a BESS solution that will help you meet all your objectives.
Energy arbitrage is the practice of purchasing energy when it is cheap, and selling it back to the grid when the prices are higher.
Businesses that generate their own energy, through solar panels or wind turbines for example, can also choose to sell excess energy back to the grid.
The most efficient way of generating income from energy arbitrage is to use automated software that tracks prices and capacity and programmatically trades energy when the rewards are largest.
Peak shaving is the practice of purchasing energy when rates are low – at night, for example – and storing it in a battery for use when the prices are higher.
The practice empowers businesses to optimise their energy use and reduce their overall operation costs.
The supply of power from electrical grids can sometimes be unreliable, especially when that power is provided via renewable methods. Power smoothing, or grid smoothing, is a practice that uses battery energy storage systems (BESS) to mitigate the problems of variable outputs from the grid.
BESS systems sit between your grid connection and the consumption of power, and use stored energy to smooth out the differences in output so that your equipment receives an uninterrupted, reliable energy supply.
The specifications of the battery you use will be defined by your need. ABB's BESS-as-a-Service solution includes a comprehensive analysis of your business objectives, energy use, and future expansion plans.
ABB guarantees that the useable capacity of your battery will meet your requirements for the life of the battery – even taking into account the natural degradation of battery capacity over time. That means if you need 5MW for 10 years, your battery will be designed to deliver that capacity for the whole life of the system.
ABB's BESS-as-a-Service uses a unique financing model that means there is no up-front capital expenditure required. Instead, the system is paid for using a predictable subscription plan, allowing you to build it into your ongoing operational expenditure.
You can find out more about the financing model in our guide for finance teams.
To find out more about ABB's BESS-as-a-Service offer, and how it can help you take control of energy, request an obligation-free feasibility assessment.