Energy Storage
Energy storage has a high potential in the field of renewable energy, as it reduces the variability of the power produced, smoothing out or firming the energy output. This results into a grid system which balances the intermittent power to create an output that is more reliable, flexible and profitable.
We offer
A report evaluating the different energy storage possibilities and their fitness for the site, be it pre- or post-construction, that includes:
- Evaluation of the historic price and market intermittency
- Assessment of the impact of the energy storage system (ESS) at the local project node
- Technology evaluation including comparison of thermal and battery technologies, their efficiency characteristics, and their charging and discharging cycles
- Optimal sizing of the ESS
- Assessment of the payback period and internal rate of return (IRR)
- Sensitivity analysis to technical and market characteristics
- Estimation of technical and economic feasibility