Energy prices have surged sharply this year due to seeral factors, including the release of pent-up demand post-COVID and supply disruption due to the Russian invasion of Ukraine.

The sudden increase in energy prices and its contribution to rising inflation is causing policy distress globally as consumers face soaring costs of living. In the UK, for example, households are experiencing a “cost-of-living catastrophe”, with the consumer price index rising 10.1% in the 12 months to July 2022.

However, higher and more volatile energy prices, especially oil and gas, may expedite the global transition to renewable energy. And that’s where the ‘power couple’ comes into play.

Systems that combine solar and energy storage – the ‘power couple’ – reduce the intermittency and cost of energy, as well as CO2 emissions, whilst ensuring energy security. Happily, renewable energy is generated “in our backyards” instead of imported from other – sometimes unfriendly – countries.

Renewable generation is clean and cheap but is also intermittent

The key problem with renewable energy generation is intermittency. As the sun does not shine all day, integrating reliable storage methods is crucial for times of low or no renewable energy generation, and mitigates the risk of grid blackouts as well.

Analysts conclude that the power couple of solar-plus-storage is one of the best opportunities for battery commercialization. Praised as the most attractive country for co-located battery storage by a group of storage professionals, the UK holds battery storage high on its national net-zero agenda.

The continued expansion of renewables, major cost declines in both solar and storage assets, and technological advancements that make renewables easier to manage are key factors fuelling the market.

Integrating smart technologies can make solar-plus-storage systems even more impactful, mitigating challenges and accelerating the transition to clean energy.

Internet of things augmented with artificial intelligence (AloT) can improve solar generation and battery charging and discharging cycles by predicting and responding to factors such as weather forecasts, energy grid constraints, battery health, electricity prices, grid services market and many others.

Among other benefits, AloT helps to increase the power couple's revenue, prolong battery life, boost solar generation, reduce maintenance costs, reduce safety risks by aggregating data onto a single platform that allows artificial intelligence to put its insights to work.

If you have any requirements or any kind of query regarding the Energy storage solutions for your desired applications, feel free to communicate with our dedicated team at any time at marketing@everexceed.com.