Providing energy on demand to reduce peak load in real-time
The secret of reducing energy usage is in the management of peak demand charges. The Ready.One Smart Energy Storage Solution integrates batteries and inverters linked to the Ready.One platform to manage peak usage.
During a peak period where energy costs are the most expensive, we minimize the building’s energy from the grid, and in some cases may even take the building off the power grid for a period of time. During those times, power is drawn from the batteries and the building is restored to on the grid during off-peak usage when energy costs are at the lowest. When not being drawn upon, the batteries are recharged and ready for the next peak period.
If other distributed energy like wind or solar is available, the Ready.One Platform can integrate that energy into the customer location providing even more energy efficiency, energy independence, and possibly enabling an autonomous electricity grid or energy islanding.
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READY.ONE SMART ENERGY STORAGE SOLUTION
The availability of energy storage provides stability when grid power fluctuates. During outages it acts as a backup energy source for critical business operations.
AVOIDS PEAK DEMAND
Scale operations and energy usage with ease. The Ready.One platform automatically manages the storage to avoid peak demand usage and the associated premium pricing.
A green solution in energy management with a longer operational life. The main chemicals used can be recycled safely as fertilizer.
RETURN ON INVESTMENT CALCULATION
The energy costs for the building is exceptionally high and it is difficult to reduce without impacting day-to-day operations negatively. The required solution would ideally have to reduce energy costs and improve the infrastructure of the business including providing backup for contingency situations such as momentary power grid outages.
Ready.One proposed a Smart Energy Storage Solution utilizing a combination of three high capacity Vanadium Redox-Flow Batteries, three inverters, and the Ready.One intelligent, real-time software platform.
THE FINANCIAL BENEFIT
Financing provided the client with immediate cash flow positive benefits and savings:
No out-of-pocket cost First monthly payment is 30 days after install is complete, allowing the client to benefit from the 1st month’s savings
VANADIUM REDOX-FLOW BATTERY
Redox-flow batteries (RFBs) differ from other batteries. Hypothetically, these batteries can be maximised to megawatt-hours and perform sustainably over a longer duration. RFB’s are also safer, provided the material they are built around is non-flammable.
Li-ion and other similar batteries preserve electricity in electrodes that are in a solid state. Unlike them, Redox-flow batteries work like a regenerative fuel cell. The system has positive and negative sides. Either side will produce or receive electrons that are moving through an outer circuit.
The side that is receiving or producing electrons changes in relation to the charge or discharge cycle. A membrane, that allows certain protons to pass through, separates the two sides.
Electrons (from the vanadium ions in the electrolyte) move from the positive side to the negative side when the battery is charging. This process is initiated by a voltage applied across the positive and negative sides. The electrons move through the outer circuit to the negative area, storing electrical energy in the process. When the system is discharging, the electrons that accrued on the negative side move back through the system and are absorbed on the positive side. This process releases the stored energy.
The RFB’s non-flammable, environmentally safe materials can be used as fertilizer once the units are decommissioned.
Long discharge duration with deep charge-discharge cycles
Designed and built for safety, reliability, performance and to last more than 20 years
Low total cost of ownership
Safe and environment-friendly – built using safe, non-flammable battery chemistry with materials that can be used as fertilizer
Highly scalable solution to meet site-specific needs with indoor and outdoor fast deployment options
Fully automated operation reduces utility demand charges
HOW IT WORKS
The vanadium redox-flow battery is split into two areas. A positive and negative side that is divided by a membrane that selectively allows protons to move through. When the battery is charging a voltage is applied and this causes vanadium ions to lose an electron on the positive side.
The electrons move from the positive side to the negative side under these conditions. The electrons are stored on the negative side.
Then, when the system is discharging, the electrons that were stored move back towards the positive side by means of the outside circuit.
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