resilient grid and more effective and effcient utilities. Meanwhile rate structures and policies on distributed energy will continue to change as utilities
work to stabilize the grid. These changes will make residential storage more
attractive, which will lead to wider adoption and increase accompanying benefts for the utility segment.
Storage technology is particularly important to residential
PV systems as energy production does not typically match
consumption. Combined PV and storage solutions allow
homeowners to shift excess energy produced to the time of
use. By placing energy production and storage at the same
location as the load, a decentralized model of mini-pow-er stations is created. This model can offer utilities many
more possibilities than the traditional network in which
power generation is built on large, single-source energy
production that requires costly transmission. This could
unlock solar energy’s grid parity potential and provide a
more dynamic grid with minimal outages.
With that being said, storage solutions for C&I is still at
its infancy and there are many opportunities yet to be seen.
Potential C&I applications include addressing demand response, reducing
peak demand, and providing emergency backup power. As natural disasters
escalate due to climate change and grid instability increases due to the growing energy demand, power outages are on the rise, which cause severe business disruptions. Storage can also provide signifcant cost savings for businesses to avoid peaks in consumption that are particularly costly.
The greatest impact will be if these different sectors leverage PV plus storage systems in an interconnected manner.
Energy storage is positioned to have the greatest impact
on the utility segment. In this segment, sophisticated cus-
tomers are able to layer many functional abilities that are
unique to this technology. For example, utility scale ener-
gy storage can defer expensive T&D upgrades, provide ramp
rate control and frequency regulation services, manage load
and generation profles and regulate voltage and power fows
at the distribution level. This wide range of applications gen-
erates real value and benefts the grid in multiple ways.
Utility-scale projects are also better able to manage the
risks associated with the design and operation of these
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