Clean energy is the future, and if you can cut down on your emissions and save on costs at the same time, why not? Battery energy storage systems (“BESS”) allow firms to store energy derived from renewable sources such as solar PV and wind. But how do you, as a manufacturer, know when your facility is ready for a battery energy storage system?
Below are a couple of signs that let you know it’s time to consider using a BESS.
You’d like to decrease your carbon footprint
Firms need to demonstrate real carbon impacts, which may require you to buy and store electricity generated from renewable sources. Using energy storage systems enables companies to store their energy while still meeting the energy requirements for their production processes.
You want to set and achieve new ESG goals
ESG goals (environmental, social and corporate governance goals) are important to shareholders who are keen on investing in companies that are working toward decreasing emissions and preparing well for the climate transition.
With manufacturers being pressured to reduce their carbon emissions, countries working to meet their carbon reduction targets and fight against climate change intensifying, may find that using battery energy storage systems may help meet these goals.
Your yearly energy bill is pretty high
Energy storage systems allow you to charge your battery during the day when it’s cheaper. These batteries initially store that energy then use it when it’s the more expensive time of day, instead of sourcing for power from the grid.
You can also sell your stored energy if you are able to meet your facility’s needs and still have leftover energy, which offers you a return on investment.
Your facility has reached its limit of grid supply
The use of new equipment at facilities can increase the amount of energy consumed, which may mean facing grid constraints. Given that it costs a lot to install new equipment to increase a facility’s energy capacity, you may be better off installing a battery energy storage system as it’s a more cost effective option.
In addition, these systems afford facilities the ability to use energy generated when their need is high and store it when the demand is low.
Your processes and systems are improved
Most manufacturing companies have, over the years, worked to improve their operational efficiency, recycling and decrease their impact on the environment. Installing a battery energy storage system such as those made by StorEn Technologies Inc. will allow such companies to take a bigger step to reduce their emissions.
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
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