What you will learn in this article:

Insight into the pressing need for energy storage solutions due to modern grid strains and peak demand costs

How tailored energy storage strategies can optimize energy flow, reduce costs and enhance resilience.

Knowledge about various energy storage options and their benefits.

The energy grid is under strain. The traditional grid enabled everything from the first lightbulbs to the digital age, but it simply wasn’t designed for today’s demands: incorporating renewable energy sources, charging electric vehicles, managing cybersecurity threats or keeping up with weather extremes.

As electricity demand is hitting its highest point in two decades,¹ it’s also increasingly costly. Thirty to 70% of an organization’s utility expenditure occurs during expensive peak demand periods.²

Future-focused businesses realize they need to be less reliant on the grid, and many are turning to energy storage systems, which allow for more consistent energy flow and cost.

An optimized energy storage solution depends on the specific energy needs and setup of an organization. Physical space, region of operation and intended use all come into play, and a combination of solutions often makes the most sense. With no one-size-fits-all answer, it’s important to work with an energy storage solutions partner capable of designing a system tailored to organizational objectives.

A solutions provider with a depth of knowledge and breadth of technologies will also understand how to strategically layer solutions — a practice known as stacking — which helps organizations get the most from their energy storage approach.

Honeywell works with organizations to design energy storage strategies that help improve resilience, manage energy expenses and contribute to the bottom line.