Battery Storage for Businesses: Fact Sheet

Battery Storage for Businesses: Fact Sheet

Energy Efficiency Advice
Published on 21 April 2020

What is Battery storage?

Battery storage involves the use of a battery to store energy for use when required. Technically, it is the conversion of electrical energy into chemical potential energy for storage followed by reconversion of chemical potential energy into electrical energy when desired.

A battery storage system allows a business to obtain electricity from a source that is relatively inexpensive (e.g. solar or off-peak grid energy), store it chemically, and then consume the energy electrically at a time when electricity is relatively expensive or unavailable.

Battery storage technology is generating a huge amount of hype and market interest. With the use of battery storage technology businesses can combine their energy efficiency and productivity goals with clean energy.

Why invest in battery storage?

Battery storage enables greater self-consumption of renewable energy from sources that are variable, such as solar power. Businesses that face difficulties in the reliability or capacity of their electricity supply can reap benefits from battery storage. Battery storage can also save on power costs by reducing the need to purchase electricity at times when it is most expensive.

Get essential information about how battery storage systems work and what they can do for your business by downloading this free guide.

The information in this article was originally distributed by NSW Office of Environment and Heritage and is republished with permission. 

Back to Articles

Leave a Comment

When posting comments, please observe our blog participation guidelines.

Back to Articles