Bi-directional Electrical Storage and Dispatch
Storage can digitize the grid, making the evolutionary leap from analog to digital, by offering consumers a suite of connected resources that can provide valuable grid services. These resources can elegantly and automatically manage power to ebb and flow with electricity supply and demand as an alternative to brute force approaches used in most grids today, which basically entail turning large power plants on and off.
Batteries are able to instantaneously respond to signals from controlling software to manage critical grid needs such as voltage variation, frequency regulation, absorbing excess generation, shifting peak demand to off peak periods, and keeping the lights on when the grid cannot. What’s more is that a single asset can provide many of these services simultaneously or shift between them based on economic signals or grid reliability needs. Some of these services already have market price offerings in place through California’s independent electricmarket system operator, CAISO.