Do Energy Storage Systems Helpful for Residential?

The demand for energy and electricity is growing with the rising cost of energy and the increasing demand for heating etc. A possible consequence of this increased demand for electricity is an oversupply on the grid and even power outages during peak business periods.

For this situation, some residential-owners want to solve the downtime during power outages by using generators, but they have a large footprint and make an uncomfortable noise when in use. Others try to solve the problem with clean energy sources such as wind and solar power, but all such clean energy sources that rely on nature have one drawback: the power is always generated intermittently. With the LYBESS battery energy storage system, combined with the energy generated by clean energy, this problem can be solved very well.

Residential high voltage battery pack

What is the principle of residential energy storage systems?

Usually we refer to energy storage systems as lead-acid or lithium batteries. However, the material characteristics and charging and discharging performance of lead-acid batteries are not as good as those of lithium batteries, which now account for the majority of the energy storage system market.

Lithium battery systems are usually connected to wind or solar energy to power a residential or business by storing excess energy that would normally be available. For example, on a sunny day, solar panels collect excess energy, which is released and converted into electricity on a cloudy day. In addition to solar energy, there are also clean energy sources such as wind, biomass and wave energy.

Energy storage systems can also work independently of renewable energy sources, by storing energy at low electricity prices and releasing it and supplying electricity at peak prices.

What are the benefits of an residential energy storage system?

• Reduced electricity bills

As residential energy storage systems use clean energy, we don’t need to worry about the extra costs incurred from generating electricity, which will reduce the electricity bill. Secondly, they can help residential-owners to reduce their demand charges. Demand charges are based on peak energy demand over a specific period of time, usually a month. They can represent a significant portion of a residential energy bill. By using an storage system, residential-owners can reduce peak energy demand and save significant costs.

• Improved energy efficiency

Homeowners can make more efficient use of the excess energy stored in the RESS, thereby reducing waste and improving overall energy efficiency. For example, homeowners can use stored energy to power appliances during off-peak hours, when electricity is cheaper, or when renewable sources such as solar panels are generating excess energy. This can reduce total energy consumption and reduce the electricity bill over time.

• Reduced carbon footprint

It is because of the clean energy that an energy storage system does not emit any harmful emissions during its operation. It can help users reduce their carbon footprint. By generating and storing their own energy, people can also reduce their reliance on fossil fuels and reduce greenhouse gas emissions. This can also reduce the carbon footprint and make some substantial efforts towards climate and environmental change.

How can I know the best solution for me?

Building an residential energy storage system is a complex process and we recommend consulting a professional energy management company. To understand the best energy storage solution for you, you need to take into account your specific current needs and energy usage. LYBESS can assess your current usage requirements and provide the best solution for the energy needs of your residential, including energy assessment, system design, installation and ongoing maintenance.