Peak-shaving energy storage equipment manufacturing stocks

What is peak shaving?

Peak shaving is about reducing energy consumption during peak demand. As its name suggests, it involves ‘shaving’ energy peaks. At peak demand, another energy source besides the grid will be used. Often, this is a demand-side battery that stores energy during off-peak times when renewables are abundant to be discharged at peak times.

Why is peak shaving a good option for industrial facilities?

For many industrial facilities, peak shaving is the best option as this reduces their heavy demand charges and energy usage without affecting the facility’s operations. This is key. Generally, facilities have inflexible loads that can’t be shifted to low peak hours.

What is the difference between peak shaving and load shifting?

There are two options: peak shaving and load shifting. While both energy management approaches reduce stress on the grid, they differ in their timing, approach, and objectives. Peak shaving is about reducing energy consumption during peak demand. As its name suggests, it involves ‘shaving’ energy peaks.

Are energy storage stocks a good investment?

The energy storage market is growing as demand for peak load control, grid balancing, and technological advancements in energy storage systems increase. Energy Storage Stocks could prove to be one of the best long-term investments you can make for your financial well-being.

What is a peak power battery used for?

The battery is used for time-of-use rate shifting, demand charge reduction, and demand response. In addition to the site being equipped with a CAISO and RIG, the energy system can be managed and optimized with Peak Power’s software, Peak Synergy, turning it into a flexible grid resource.

What are some examples of energy storage stocks?

Firms that design and manufacture energy storage technologies are classified as energy storage stocks. Battery storage, capacitors, and flywheels are all examples of these. This vast industry is also made up of electric vehicles, power generation facilities, and businesses. Why is energy storage necessary?