How can industrial facilities reduce energy and demand costs?

Industrial facilities have tremendous potential to decrease their energy and demand costs through means of ES to shave the peak load off the power grid, bringing greater balance between production and demand, while simultaneously improving the reliability and financial performance of the power grid ( Tronchin et al., 2018 ).

Why should es technologies be matched to industrial facilities?

Industrial facilities are considered to be the leading users of energy at 54% of the world's total delivered energy ( Haiwei and Wang, 2009 ). Therefore, ES technologies should be matched to a facility to reduce or shift maximum power demands away from the power plant, a process known as demand-side management (DSM).

Why is energy storage important?

Storing energy from a supply (power plants or RESs) for the highest consumers (industrial facilities) will reduce harm to the environment and diminish energy costs because this stored energy is then discharged to shift peak loads from power generation plants.

Are well rounded energy storage technologies suitable for industrial DSM?

The aim of this review was to determine well rounded energy storage technologies for use in industrial DSM. The analyses conducted herein deemed Li-ion BES, Pb-acid BES, flow BES, PHES, and CAES as “well-rounded” technologies, meaning that they perform well across all power capacities and most properties discussed.