ENERGY STORAGE SYSTEMS and imbalance trading
What is imbalance trading?
Imbalance trading refers to the real-time exchange of electricity between different entities within an energy grid to address imbalances between electricity supply and demand. In any electrical grid, maintaining a balance between the amount of electricity generated and the amount consumed is crucial for ensuring stability and reliability. However, due to various factors such as fluctuations in demand, unexpected changes in generation output, or the intermittent nature of renewable energy sources like wind and solar, imbalances can occur.
Imbalance trading mechanisms allow grid operators or market participants to buy or sell electricity on short notice to offset these imbalances. When there is excess generation beyond what is needed to meet demand, surplus electricity can be sold to balance the grid. Conversely, when demand exceeds available generation, additional electricity needs to be procured to meet the shortfall.
Energy storage systems and imbalance trading
Energy storage systems and imbalance trading are like two puzzle pieces that fit perfectly together in modern energy grids. Renewable energy sources like wind and solar can be unpredictable, sometimes generating more power than needed.
That’s where energy storage systems step in, storing that excess energy for when it’s needed most. Now, imbalance trading kicks in when there’s a mismatch between electricity supply and demand.
Energy storage systems play a key role here, jumping in to provide that extra juice when demand spikes or generation falls short. So, when you see the grid humming along smoothly, you can thank this dynamic duo for keeping the lights on and the energy flowing.
How ampowr cosmos can help my business?
Ampowr Cosmos, smartly charges up the battery system when there’s a lot of electricity available and the price is low. It then sells electricity when there’s not enough available and prices in the market are higher. This helps keep the electricity grid balanced and enables you to make money by buying at low prices and selling at higher ones.
Cosmos continuously monitors the grid, keeping a close eye on supply and demand dynamics in real-time. When an imbalance arises, the energy storage system jumps in, releasing stored energy to meet the spike in demand almost instantly.
