Keep the power on: Battery energy storage systems are a valuable investment

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SPONSORED | AbsaSouthAfrica Battery energy storage systems are an increasingly attractive business proposition given the declining costs and long lifespan of the technology.

Solar power and battery energy storage systems are great options for your business’s future energy mix, says AbsaTeam solar power with battery energy storage systems for a reliable and cost-saving energy supply for your business. Picture: 123RF/petkovThe sharp increase in the number of load-shedding days since 2018 highlights the challenges that Eskom faces:

That is why a growing number of business owners are exploring the option of installing renewable energy technologies such as solar photovoltaic systemshas also seen a growing trend of businesses looking at investing in battery energy storage systems to complement such systems. As a power storage system, BESS are practical because they can be used in many different applications independent of location in contrast to, for example, pumped hydro storage.

The challenge with solar PV systems is that resource availability does not always coincide with demand. The value of energy, as with any commodity, is inherently linked to demand: the higher the demand, the higher the price.

 

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