Redflow flow batteries can be installed to reduce the cost of generating and storing renewable energy.
In certain locations, the cost of renewable energy generation is fast approaching grid parity. In some areas where renewable energy is not yet being utilised, electricity supplied to these locations is generated in fossil fuel plants before being transported across vast distances.
To reduce carbon emissions and the price of electricity, a number of commercial sites are investing renewable energy production, with solar PV panels proving to be a cost-effective source of electricity. According to research released by Yingli Solar – one of the world’s largest providers of solar PV technology – Australia has seen returns on solar investment between 20–25%.
Despite these returns, however, intermittency issues such as cloud coverage reduce efficiency by disrupting the flow of generated power. Managing the cost of distribution is also a common concern associated with renewable energy, given that solar power is generated during the day when electricity consumption is significantly lower than the evening.
Energy storage overcomes many of these generation and distribution problems by storing renewable energy until it is needed.
Redflow solar PV energy storage solutions
The Redflow ZBM flow battery is a cost-effective energy storage solution designed to integrate with solar PV panels. With inherent 100% depth-of-discharge characteristics, the battery is ideal for resolving the intermittency of renewable energy. And unlike traditional technology, it can withstand regular outages without being damaged.
Our flow batteries are designed for:
- Multi-hour use
- Time-of-day energy shifting
- Energy shifting in peak consumption times
When integrated with solar PV, Redflow flow batteries benefit customers, networks and generators by providing a more cost-effective and environmentally friendly energy storage solutions.
This type of energy storage becomes even more important as the penetration of tariffs from renewable energy sources begins to exceed 15–20%. This is already the case in many areas and below the future targets of many countries.
A number of our installed energy storage systems are combined with solar PV panels to effectively generate and store energy. These include the Smart Grid, Smart Cities trial, the Energy Safe Victoria trial and our current installation at the Global Change Institute at The University of Queensland.