What is energy storage?

Because the energy required by people has a strong temporal and spatial nature, in order to rationally

use energy and improve the utilization rate of energy, it is necessary to use a device to collect and store

the excess energy that is temporarily not used for a period of time in some way, extract and use it at the

peak of use, or transport it to a place where energy is scarce for reuse, this method is energy storage.

Why do I need a storage system?

Energy systems play a key role in harvesting energy from a variety of energy sources and converting

it into the forms of energy required for applications in various sectors such as utilities, industry,

buildings, and transportation. Energy sources like fossil fuels can be used to provide energy according

to customer needs and can be stored whenever it is not needed. But other energy sources, such as

solar and wind, need to be collected and stored when they are available until needed. The application

of energy storage systems can provide many advantages for the energy system, such as allowing to

increase the proportion of renewable energy supply and better economic performance. In addition,

energy storage is important for power systems, enabling load balancing and peak shaving,

frequency regulation,and improving power quality and reliability.

Advantages of energy storage systems

Energy storage systems have been used for centuries and have undergone continuous improvement

to reach the current level of development, and there is still a lot of room for development in the

future. Let's talk about the two major advantages of energy storage systems:

1. Cost saving

Energy storage is a key hub for the entire grid, saving on operating costs for powering the grid. At the

same time, energy storage can also save money for electricity consumers who install energy storage

in homes and businesses. Energy storage can reduce the cost of providing frequency regulation and

backup services, and save consumers money by storing low-cost energy. By using energy storage

during brief outages, businesses can avoid power outage losses and continue to operate normally.

2. Protect the environment

Energy storage saves electricity for later needs. This creates efficiency and capacity for the grid,

including the ability to reduce greenhouse gas (GHG) emissions. By introducing greater flexibility

into the grid, energy storage can help integrate more solar, wind, and distributed energy resources.

It can also improve the efficiency of the grid, increase the capacity factor of existing resources,

and offset the need to build new polluting peak-emitting power plants.

As an innovative force in the green energy industry, Foxtheon Energy looks forward to working with

more industrial and commercial enterprises around the world to promote green energy transformation

and help the "dual carbon" goal be successfully realized.