The demand for renewable or clean energy is on the rise. To integrate renewable energy into our power mix, there is a need for energy storage. Our Zinc-air energy storage system offers a scalable, sustainable, efficient, and cost-effective alternative to store and use renewable energy.
One of the key advantages of our Zinc-air energy system is its scalability. To meet the rising demand for electricity, rather than adding more batteries, our technology offers a scalable storage tank. It means that our Zinc-air energy storage allows for the ability to have a larger tank in order to provide more electricity, which makes our technology flexible for a variety of formats. In an urban environment, the footprint of energy storage is limited. Finding places to put up solar panels and wind turbines along with the energy storage container can be challenging. With lithium batteries, to scale up power requires the addition of more batteries, which can quickly increase the size of the energy storage container. Our technology, which decouples power and electricity, allows for the scaling of the storage tank to increase the amount of electricity that can be stored in the storage unit.
Our technology can help transform the way power is generated, stored, and distributed, which helps to modernize the transmission grid into a resilient one. Allowing small communities to generate their own power to use or to sell back to the grid. This allows for cheaper electricity. In addition, the materials in our energy storage are readily available and available at a low cost, which is another important factor. Low costs can also be passed to the transmission’s customers.
The intermittent nature of solar and wind power also can contribute to an unreliable grid, so energy storage supports the storing of excess energy and releasing it when demand is high and/or when generation of electricity is low, which stables these fluctuations and allows for load shifting or peak shaving of electricity. In addition, energy storage, especially long duration energy storage will ensure that there is power/electricity to meet power outages. In the US, with extreme weather conditions, electricity customers average 7 hours of power interruptions in 2021. Long duration energy storage ensures that we have enough power to last for that outage.
Energy storage enables more renewable energy into the electricity ecosystem, which supports the move towards the electrification of electric vehicles (EVs), commercial and industrial buildings, as well as all the modern appliances that we have in our lives. Our technology will support the move towards the use of electricity to power all the modern conveniences of our lives.
And not just solar energy, but wind energy as well. Intermittency or the gap when the sun and/or the wind is unable to generate energy, is a problem. Why is it a problem? Well, there isn’t enough electricity to meet our future growing demand.
Electricity production (making electricity), transportation, and heating are the areas that make up total energy production. Transportation and heating rely heavily on fossil fuels and is harder to decarbonize. This means that clean energy will be more important as there is a shift towards electrification. Also, where is all this clean energy going to come from?
About 1/3 of our global electricity production comes from low-carbon sources. The other 2/3 are from fossil fuels (coal and gas).
Our mission is to ensure that the other 2/3 will come from clean energy. Our transmission and grids are aging. Our technology, long duration energy storage, will also help to modernize the grid. What this means is that rather than a one-way circular path for getting electricity to people, our technology will help communities with peak shaving as well as helping with demand response for electricity.
What do we mean by peak shaving? Well, there is a flow to the demand for electricity. The increase in the demand for electricity slowly increases as the morning progresses. It then hits a peak around mid-morning, then slightly dips then increases during lunch. After lunch it decreases until late afternoon, then around 6 pm, the demand for electricity increases until around 10 pm. After that, the demand for electricity declines until the next morning, when people wake up in the morning. Peak shaving means that when power is being produced, you continually save the excess in a storage unit (this is when power is cheapest). When the energy is in demand the storage unit provides the energy. This levels-out the peak electricity used from the utility companies during peak energy demand. This also improves power reliability meaning that the energy storage provides backup power in case of a power outage.
In addition, long duration energy storage encourages load shifting. That means relying on energy storage, decreases the demand on electricity during high use times.
That means the supply of electricity must equal demand (from various groups that need the energy).
Currently the energy mix (or how we get power) comes from:
Currently, most of our power comes from fossil fuel, therefore, the need to shift from fossil fuel towards renewable energy. Fossil fuel contributes to adding carbon to the atmosphere, which is a greenhouse gas. Energy storage provides us with options.
In the US, electricity customers average 7 hours of power interruptions in 2021. It shows a flexible need for an energy storage system that can handle peak shaving and power management of the grid, as we move away from fossil fuels and shift towards more renewable energy as part of our energy mix.
Energy storage systems store electricity during times when there is excess energy being produced. This is when electricity costs are low.