Immersa Ltd
Harnessing Renewable Energy
Why Battery Storage is Essential for Commercial and Industrial Businesses
As many businesses and industries are moving towards more sustainable and cleaner energy, cost savings are high on the agenda. The importance of why battery storage is essential for commercial and industrial businesses becomes apparent. Another factor is the need for energy resilience in an unstable market. Here are added reasons why battery storage is essential for commercial and industrial operations.
1. Enhancing Energy Efficiency and Cost Savings
Businesses are subject to unpredictable energy price market and prices, especially during peak demand periods. This is a strong reason for businesses to invest in battery storage as a cost saving. With a battery storage system, business can store energy during off-peak times when prices are lower and use energy when prices spike. This is an effective way for a business to use the energy market strategically and to their advantage.
2. Energy Reliability and Resilience
Where continuous power is critical battery storage systems ensure industries have a continuous supply. The backup supply is a reliable safety net for your business. Even a brief power outage can have a significant impact on production and a knock-on effect on finances. Additionally, battery storage along with wind or solar helps businesses avoid the effect of unstable, fluctuating energy costs. It allows for a more resilient energy system maintaining production and operations avoiding the inconvenience of power outages. Also, the business is protected from unstable and volatile markets.
3. Sustainability Goals
Sustainability is a strategic priority; companies are increasingly reducing their carbon footprint. This is driven by consumers and investors looking to support businesses who take sustainability seriously. By integrating battery storage along with renewable energy sources like solar or wind, businesses reduce reliance on fossil fuels. This action significantly lowers greenhouse gas emissions and increases sustainability.
4. Market Changes
Government and regulatory bodies are supporting increased incentives for businesses adopting sustainable energy and energy storage systems. It is beneficial for businesses to take advantage of these along with staying ahead of regulatory requirements. As an example, the Enhance Capital Allowance (ECA) scheme, businesses can deduct the full cost of the battery storage system from their taxable profits in the first year. The Demand Side Response (DSR) program allows businesses to play an active role in managing energy demand, earning financial rewards, and improving grid stability.
5. Gaining a Competitive Edge
In today’s business environment, sustainability and energy efficiency offer key differentiators as these companies position themselves as leaders in sustainability. This makes a business look good and enhances brand reputation. Also, attracting environmentally conscious customers and investors, meeting the growing demands for corporate responsibility.
6. Conclusion
To conclude, battery storage is essential technology for commercial and industrial businesses who want to remain competitive, resilient, and sustainable in the business landscape. Whether a business wants to cut costs, avoid power outages or boost green credentials, battery storage systems are the way forward. Pointing positively towards businesses fitting into the energy strategy of any business or industry.