Congratulations! You have reached the end of the third and last week.
Here are the key ideas that you should keep this week:
Batteries can be effectively applied at the customers’ location The behind-the-meter application of batteries refers to the stationary battery systems installed at the consumers’ location. They can be installed both at residential and non-residential levels. This application of batteries creates a value transfer from the utilities to the end-users. They can be used for self-consumption, time-of-use shifting, backup power and energy arbitrage. Even though battery storage can offer many benefits behind-the-meter there are several reasons hindering its’ development. Some of them are the lack of consumer awareness, complexity of electricity bill charges, doubts regarding support and the current difficulty for consumers to make financial profits. A number of drivers do push for a larger share of batteries. Some examples are support policies, increase of awareness and public acceptance, to name a few.
Battery storage can meet the electricity demand at remote areas Off-grid application of battery storage refers to the installation of battery storage in remote areas, from individual and standalone households to facilities and telecom towers. In this case, batteries can electrify off-grid areas. They cam also support the development of micro-grids and replace or hybridise existing diesel generators. Main associated challenges and barriers include access to finance as they tend to be capital-intensive systems, limited experience and priority currently given to alternative solutions, such as grid extension. Nevertheless, new business models, deferral of grid extension in remote areas, continuous technological innovation and reducing support for diesel or gasoline-powered systems are important drivers for such application of battery storage.