As fossil fuel generation is progressively replaced with intermittent and less predictable renewable energy generation to decarbonize the power system, Electrical energy storage (EES) technologies are increasingly required to address the supply-demand balance challenge over a wide range of timescales.
A residential energy storage system is a power system technology that enables households to store surplus energy produced from green energy sources like solar panels. This system beautifully bridges the gap between fluctuating energy demand and unreliable power supply, allowing the free flow of energy during the night or on cloudy days.
Essentially, these intelligent household energy storage systems convert excess AC power into DC power and store it within high-capacity batteries, ready to be transformed back into AC power on demand.
The only way through which it can be stored is by converting it into a more stable energy form which is storable with the intent of transforming it back to electricity when needed. There are various technologies which can be used to convert electricity to other forms of energy which can easily be stored.
Here are the two most common forms of residential energy storage: On-grid residential storage systems epitomize the next level in smart energy management. Powered with an ability to work in sync with the grid, these systems store excess renewable energy for later use, while also drawing power from the municipal power grid when necessary.
Apart from the electric grid, their energy storage application covers sectors such as hybrid electric vehicles (HEV), marine and submarine missions, aerospace operation, portable electronic systems and wireless network systems. Batteries come in different varieties depending on their application.