Energy storage enterprise construction

What is battery energy storage (Bess)?

These developments are propelling the market for battery energy storage systems (BESS). Battery storage is an essential enabler of renewable-energy generation, helping alternatives make a steady contribution to the world’s energy needs despite the inherently intermittent character of the underlying sources.

What are the benefits of thermal energy storage?

Advances in thermal energy storage would lead to increased energy savings, higher performing and more affordable heat pumps, flexibility for shedding and shifting building loads, and improved thermal comfort of occupants.

Why are battery energy storage systems becoming more popular?

In Europe, the incentive stems from an energy crisis. In the United States, it comes courtesy of the Inflation Reduction Act, a 2022 law that allocates $370 billion to clean-energy investments. These developments are propelling the market for battery energy storage systems (BESS).

How much energy does a building use?

In the United States, buildings consume approximately 39% of all primary energy and 74% of all electricity. Thermal end uses (e.g., space conditioning, water heating, refrigeration) represent approximately 50% of building energy demand and is projected to increase in the years ahead.