Any business relying on the main electric grid has to contend with the hidden costs of power supply. There are some factors that make power from the electric grid more expensive than what is on the actual power bill at the end of the month. For example, disruptions to your business translate into lower productivity, which lowers your turnover and revenue. In such cases, the grid has cost you the equivalent of the lost revenue.
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Alternative Energy Storage Systems
An alternative energy storage system offers uninterrupted power supply when there are disruptions with the main grid. An energy storage system can convert energy from one form to another, and store it for later use. Solar energy systems are the most common energy storage systems in Singapore. Photovoltaic cells convert solar energy to electric power, which is stored in solar batteries. This system ensures power supply is uninterrupted when power from the main grid is unavailable.
Energy storage devices are key to efficient performance of an energy storage system. The capacity of the device and its depth of discharge determines how well it can respond to power demands. They must be scalable to respond flexibly to changing levels of power demands.
Installing an alternative like Enovatek energy storage solutions offers advantages not only in steady power supply but also lowered hidden costs. How does it do this?
Reduced Losses From Power Disruptions
You make losses every minute your business is not operational. You produce less, which translates to missed sale opportunities, and lowered revenues. It applies for service businesses as well. You miss sale opportunities if you cannot offer services because of a power outage. Constant power outages can lead to a drastic drop in productivity. Steady power supply shields your business from these missed opportunities.
Reduced Demand Charges
Power suppliers often extract a premium by placing a demand charge for operating during peak power demand hours. This charge varies depending on location and the type of industrial facility you are running. Demand charges can raise your power bill significantly if you cannot afford to go offline at peak periods.
Coupling an energy storage system to the facility can reduce your demand on the mains power during peak periods. It is possible to do this with an intelligent control that can read the power demand and kick in power from the batteries. It helps you avoid demand charges.
Reduce Equipment and Inventory Damage
Power fluctuations can damage machinery and precision tools. It is hard to get compensation for such damage, so repairs or replacement go to the overheads bill. Installing an energy storage system stabilizes the system to avoid these fluctuations and prevent such damage.
Take Advantage of Load Shifting
Demand charges usually apply for a limited time, typically the top 15 minutes of the peak period. On top of these charges, peak time tariffs are highest, and the power supplier has the power to define peak demand hours.
An alternative energy solution offers the flexibility of shifting the load to lower power demand hours. It supplies power during the peak demand hours, e.g., from 11 am to 1 pm, then you switch back to the main grid power at night. You avoid the peak tariffs by shifting the load.
Cost Advantages in Higher Efficiency Machinery
Using machinery with low power efficiency introduces a hidden cost because power consumption is more than what it should be. An alternative energy storage system allows you to take inefficient machinery offline and plugin more efficient components, which lowers power bills in the long-term.
Take Advantage of Merchant Demand Response Programs
Power suppliers often call on clients to scale down power usage voluntarily during peak demand, for better load balancing in the grid. Bringing the alternative energy storage system online, you build excess capacity. You can downscale your demand on the power grid without affecting your operations.
Some power suppliers allow for channeling this excess capacity to the grid, where other clients can bid on it. The power supplier can discount this from your tariffs, or offer in-kind compensation. Either way, your power bill will come down.
Reduce Environmental Impact Costs
Environmental impact costs are not only at the global level but also at the local level. Fuel energy systems impact negatively on air quality, which causes health problems in the long term. A backup generator running on fuel is also a noise distraction. Solar battery backup has zero environmental impact. It doesn’t affect the quality of air or the noise levels.
At the global level, you help the push towards environmental sustainability by installing clean energy systems. You might also be eligible for tax subsidies. The Design for Efficiency Scheme (DfE) will cover up to 50% of the costs of installing green technology.
An energy storage system like enovatek energy storage solutions can reduce hidden costs in your energy bill by a significant percentage. It offers more advantages in the smoother business operations and a cleaner working environment.
