Commercial and Industrial Energy Storage: The Ideal Companion for Renewable Energy Power Systems

In the ever-evolving landscape of societal progress and the continuous growth in energy demand, commercial and industrial energy storage is emerging as a dark horse in the energy sector. Serving as an innovative technology and solution, commercial and industrial energy storage not only provides reliable power support for businesses but also plays a pivotal role in enhancing energy efficiency and reducing carbon footprints.

Current Development Status
As an innovative technology, commercial and industrial energy storage is rapidly advancing globally. Governments are implementing policies to support the development of renewable energy and energy storage technologies, driving the growth of the commercial and industrial energy storage market. According to Bloomberg New Energy Finance, the addition of energy storage systems reached a historic high in 2023, with an expected installed capacity of 42GW. The compound annual growth rate (CAGR) of energy storage installations is projected to reach 27% by 2030, with an annual addition of 110GW. China, the United States, and Europe are expected to remain the main drivers of the industry’s development.

Basic Information
Commercial and industrial energy storage refers to the deployment of various energy storage facilities to store electricity for later release, thereby achieving storage and management of electrical energy. This concept has emerged in response to the widespread use of renewable energy sources such as wind and solar power, where the instability and intermittency of these sources make energy storage crucial.

Main Application Objectives
1.Self-consumption: It is one of the primary objectives of commercial and industrial energy storage, especially when combined with photovoltaic systems. Storing surplus solar energy enables businesses to supply power during nighttime or rainy days, reducing dependence on traditional power grids.
2.Backup power: Commercial and industrial energy storage systems serve as backup power sources, ensuring businesses maintain normal operations during power interruptions or emergencies, avoiding downtime losses and ensuring the stability of equipment.
3.Peak and valley pricing: By storing energy during off-peak periods and releasing it during peak hours, businesses can reduce electricity costs and improve economic efficiency.
4.Electricity trading: Commercial and industrial energy storage can participate in electricity trading markets, maximizing profits through flexible power release and storage.

Key Advantages
1.Improve energy efficiency and reduce operating costs
Integrated with new energy power systems like photovoltaic system, commercial and industrial energy storage achieves the storage of surplus energy, preventing energy waste. Users can intelligently manage electricity, adjusting energy release and storage based on real-time demand, maximizing energy utilization. Backup power prevents significant losses from power outages and ensures equipment safety. Peak and valley pricing, and electricity trading further optimize energy benefits, lowering operating costs and rapidly achieving return on investment.
2.Achieve environmental protection and emissions reduction
Commercial and industrial energy storage plays a crucial role in achieving environmental protection and emissions reduction goals. By adopting renewable energy sources and storage technologies, businesses can significantly reduce dependence on high-emission sources such as coal, lowering carbon footprints and fulfilling social responsibilities. Moreover, the minimal pollution and waste generated during the operation of commercial and industrial energy storage systems contribute to steering businesses towards a more sustainable development path.

Development Trends
1.Rapid growth: Against the backdrop of global clean energy transformation and carbon neutrality goals, increased government support for energy storage, continuous innovation and progress in storage technologies, and user demand for energy structure upgrades, the energy storage industry is poised for more development opportunities and broader market prospects.
2.Intense competition: The current energy storage market faces severe homogenization, with limited differentiation among various brands of energy storage products. Price wars for more market share have increased short-term profitability pressure and enterprises from different sectors are entering the energy storage industry, accelerating industry competition. As the energy storage market matures, enterprises lacking core technologies may face elimination.
3.Safety: Recent incidents, such as fires involving brands like Tesla and LG, have brought safety concerns regarding energy storage systems to the forefront. The rapid development of the energy storage industry requires prioritizing the resolution of safety issues that enterprises are mostly concerned about; otherwise, it may severely impede industry development or even stagnate.

4.Diversified profitability: With policy support, technological innovation, and market improvements, the energy storage industry chain is expected to mature, and business models will become more diversified. Alongside subsidy policies and the development of energy storage paired with new energy, the functionality of energy storage systems will become more refined, offering more profit models.
5.Cost reduction: Industry experts believe that commercial and industrial energy storage will follow a cost reduction path described by “Wright’s Law,” predicting a potential 15% to 20% cost reduction when the industry’s production doubles. Through material cost reduction, manufacturing process improvement, and product technology iteration, the cost of energy storage systems is expected to halve in the next five years.

With continuous technological advancements and a growing focus on renewable energy, commercial and industrial energy storage is poised to become a crucial component of the future energy system. Its advantages in improving energy efficiency and reducing carbon emissions will further propel its widespread adoption and development in the market. As scale increases, the cost of commercial and industrial energy storage systems is expected to gradually decrease, providing more incentives for implementation by a broader range of enterprises. By introducing more innovative technologies, policy support, and industry collaboration, let us collectively embrace a cleaner, more efficient, and sustainable energy future.

About Beny
For commercial and industrial energy storage systems, safety and stability are paramount. Beny, as a leading electric component manufacturer, provides secure, stable, and reliable solutions.
1.DC Circuit Breakers: Beny offers various DC circuit breaker solutions, including those suitable for Battery Energy Storage Systems (BESS). These breakers fulfill diverse application needs, providing overload, short circuit, and anti-reverse protection, along with arc flash barriers, enhancing system safety and stability.
2.DC Isolator Switches: Designed specifically for energy storage systems, Beny’s high-performance electrical devices adopt a modular design with varied rated voltages and rated currents. Featuring the patented DC arc extinguishing technology, these switches extinguish arcs in as little as 3ms and include a lockable handle to prevent accidental operation.
3.Surge Protective Devices: Beny’s AC surge protectors are designed based on the EN 61643 standard, providing Type 2 protection. These protectors safeguard AC equipment and circuits from surge damage or overvoltage. The surge protection device consists of a base and insertable high-energy MOV protection module and is equipped with a thermal disconnect device, with optional remote signaling.
All Beny products adhere to international quality standards, holding industry certifications such as UL, TUV Rheinland, AS, CE, CB, RoHS, etc. With high protection levels, UV-resistant and flame-retardant materials, and passing extreme environmental tests ranging from -40°C to +85°C, Beny provides a reliable guarantee for the stable and safe operation of energy storage systems.

Note: Actual specifications may vary depending on the product and model; please refer to specific product parameters.