The Issues and Impact of Energy Storage Technology

Renewable energy has taken off. Wind and solar in particular had grown rapidly, since they can be installed on a small scale and connected to the grid. This has created a number of problems for utility companies while failing to deliver the promised benefits because energy storage technology has not caught up. Let’s look at some of the issues with renewable energy before explaining how advances in energy storage technology will ease these concerns.

The Instability of the Power Grid

The rapid growth of renewable power has added to the instability of the power grid. First, the introduction of many variable power sources forces utilities to deal with varying power supply relative to demand. Second, the relative lack of energy storage systems means there is far more wasted energy than before. When there is a spike in solar or wind power, they can’t store most of it for future usage. This adds to the instability and risk of failure of local portions of the power grid.

If we had more widespread, efficient energy storage, energy producers could save power above the expected power created locally instead of leaving power companies to turn on and off natural gas turbines to meet variation in demand. It would also eliminate the need to build natural gas turbines as backup power sources for when new renewable power sources aren’t meeting expectations.

The Lack of Backup Power

Solar power has long been a source of power for off-the-grid properties. However, this is dependent on having energy storage on site, typically batteries. Yet many solar roofs were set up to minimize cause and maximize tax credits to the detriment of home owners. We can look at the multiple disasters that hit California along with their wildfires. Utility companies couldn’t raise rates to pay for more fire-resistant infrastructure. They could be sued for any new wildfires blamed on the power equipment. The utility company’s only solution as to turn off power to areas that were burning or at risk of catching fire, if they didn’t want to be shut down entirely.

California has one of the highest rates of solar roof installations in the world. Unfortunately, most of those solar roofs were connected directly to the power grid, and the home owner receives power from the grid. This minimized how much equipment had to be installed while giving them the ability to sell power to the grid and get power from the grid. The problem is that they couldn’t get power from the grid when the power grid was shut down unless they paid several thousand dollars extra for renewable energy storage; note that less than two percent of customers did this. That hurt the broader power grid, as well, since solar roofs couldn’t deliver power to the power grid when the power grid was shut down.

The greatest irony was suffered by electric car owners. Imagine being told that you need to flee the wildfires, and all you have is an electric car that you can’t charge. A few homeowners made matters worse by tapping into their Tesla car battery to try to power their homes for a while, draining it dry.

Yet those few people with battery storage systems were fine. Their homes were wired in such a way that they could pull from the battery power when the power grid was down, assuming they were ever connected to the grid. They could continue to run their air conditioners and other appliances though no one else had power. For those that had solar roofs connected to the grid and energy storage systems, the grid being down means all of their power went into the battery. That energy wasn’t wasted, and the family could use it.

Why You Should Be Investing in Solar Panels

The future is green, and it’s more important to get on board with it than ever before. The past year has seen countless climate-change related natural disasters, from the recent devastating mega-fires in California to frequent hurricanes sweeping the US and the Caribbean.

Solar panels are becoming much more accessible, for homeowners and for businesses. Traditional roof-rack solar panels can now be installed for as little as around $3,000, and are practically a no-brainer due to the energy savings you’ll make over time (you could even totally eliminate your electricity bill). Not to mention that you’ll be doing your part to help the environment in our planet’s time of need.

If you’ve always found chunky solar panels ugly and off-putting, business magnate Elon Musk has a solution. His electric car and solar panel company Tesla has recently unveiled invisible solar roof tiles. The tiles look exactly like normal roof slates, but capture the sun’s energy without drawing attention. These tiles are paving the way to normalizing sustainable, beautiful eco-homes.

To further convince you about seriously considering installing solar panels for your home, check out our list of top reasons why solar panels will benefit your household or business.

Slash Your Energy Bills

After the initial investment of purchasing the panels and installation, the energy produced is all yours. Even if you consume more energy than your panels can produce, you’ll make drastic savings on what you are currently paying by purchasing all your electricity from the grid.

You’ll make even more amazing savings if you live in a sunny state or country – prices in Brisbane, Australia, are particularly low to purchase and install solar panels. And as the city enjoys on average 261 days of sun per year, panels there will produce more than enough energy to power homes all year round.

Energy costs are only set to rise and rise – meaning that by investing in solar panels now, you’ll never feel the strain of your electricity bills going up again. This is an especially smart idea for business owners with fluctuating income, as you can more easily predict your cashflow with fixed energy prices.

Increase the Value of Your Home

If you are open to the possibility of moving to a new house in the future, you will be able to sell your current property at an increased value by equipping it with solar panels. It’s an attractive prospect for buyers if a potential home comes with very small or no electricity bills, so you’ll be making a huge return on your investment in this way, too.

Note: Be wary of ‘renting your roof’ to solar panel companies if you can’t afford to purchase the panels outright. You may want to ‘go green’ in any way you can, but buying panels is by far the most practical way to enjoy the benefits. The lengthy leases that come with rental panel contracts (often 25 years) have been seen to put off mortgage lenders. It’s highly recommended that if you want to benefit from free electricity and help the environment with solar, you should save up first to increase the value of your property – not render it unsellable.

Reduce Your Carbon Footprint

As we said, it’s never been so important to do your bit to save our eco-system. The polar ice caps are melting faster than has ever been recorded, and the earth is suffering terrible effects. As well as hurricanes and fires, we’ve also experienced floods, earthquakes and landslides all over the world this year.

Solar panels are becoming more accessible, for homeowners and businesses

In the large scheme of things, installing solar panels doesn’t seem like it will help much, but if everyone did their part to be more eco-conscious, we could significantly reduce the strain of destructive fossil fuels on the environment. By equipping your property with solar panels, you will save money while making steps to saving the environment – a tough offer to turn down!

Utilizing green energy within your business has even better rewards. Marketing your business as eco-conscious and sustainable is a great way to attract customers and impress existing ones. In recent years, studies into consumer activity have found that sustainability is a big shopping priority, especially among the millennial generation. Corporate solar panels will increase your revenue by expanding your customer base AND saving your business’s energy bills.

So – what are you waiting for? Contact a solar energy company today, who will be more than happy to assist you on your green energy journey.