Save energy in times when energy demand is low:
Excess energy can be stored at times when energy demand is low, such as at night, and used at times when energy demand is high, such as daytime, allowing the electrical grid to operate more efficiently.
Improving the efficiency of the electrical system:
Energy storage can be used to improve the overall efficiency of an electrical system by overloading energy at times when energy demand is low, and using it to operate high loads at times when energy demand is high.
Cost savings:
Energy storage can save cost due to reducing the need to build more electrical stations, power lines, and other devices required to meet energy demand.
Improving the flexibility of the electrical grid:
Energy storage helps provide more flexibility to the electrical grid. When energy is stored, it can be used at the time consumers need rather than using traditional energy sources. In this way, the electrical grid can meet the growing demand for energy without exposing it to excessive pressure.
Increase energy efficiency:
Energy storage to increase energy efficiency. When energy is available in large quantities, it can be stored for later use when consumers need it instead of wasting it.
Provide dynamic network balance
Energy storage can be used to provide dynamic balance in the electrical grid. When a power supply fails, the stored energy can be used to provide the power needed to maintain grid stability.