Storing energy for factories

Energy storage solutions enable factories to store excess solar energy for use when solar radiation is low, ensuring smooth operations. Options such as lithium-ion batteries and thermal energy storage offer benefits depending on energy needs, space and budget. A worker inspects an Antora thermal battery at an industrial site. Thermal storage could be used alongside renewables to meet growing global power demand. Electricity demand is expected to continue to grow, but speed is a limiting factor as building traditional power supply can require long lead. Automakers are increasingly investing in energy storage businesses as demand for EV batteries falters. Ford said in December it plans to convert one factory meant for EV batteries to energy storage products, spending $2 billion on top of the nearly $6 billion it invested building the factory. Peak demand refers to the highest level of electrical power drawn by a factory during a specific billing period, typically measured in kilowatts (kW). In manufacturing environments, peak demand often occurs when high-power equipment such as motors, compressors, furnaces, or production lines operate. What are the best energy storage solutions for factories using solar energy? Energy storage solutions enable factories to store excess solar energy for use when solar radiation is low, ensuring smooth operations. Options such as lithium-ion batteries and thermal energy storage offer benefits.