How does energy storage impact economic growth?

Submit a case study with the chance to be featured in Renewable Energy World. ACP adds that increased energy storage deployment not only enhances reliability and affordability but also drives U.S. economic expansion, supporting growing industries like manufacturing and data centers.

Can batteries move electricity from low to high prices?

Electricity utilities increasingly report using batteries to move electricity from periods of low prices to periods of high prices, a strategy known as arbitrage, according to new detailed information we recently published.

How do utilities use batteries to improve grid reliability?

Utilities can also make use of batteries to improve grid reliability with services that support the transmission of electricity, known as ancillary services. One type of ancillary service is frequency regulation, which is the most common use case reported at least once for battery capacity.

Do data centers increase electricity demand?

Data centers are not alone in increasing electricity demand; the electrification of vehicles, heating systems, and industrial processes, pushed by the Biden administration, are also having an impact.

Why is energy storage important?

ACP adds that increased energy storage deployment not only enhances reliability and affordability but also drives U.S. economic expansion, supporting growing industries like manufacturing and data centers. “Energy storage is crucial for energy security and to help outpace rising demand,” chimed Noah Roberts, ACP’s VP of energy storage.

How much electricity does a data center use?

According to Penn State’s Institute of Energy and the Environment, in 2023, artificial intelligence (AI) data centers consumed 4.4% of electricity in the United States, which could triple by 2028. By 2030-2035, data centers “could account for 20% of global electricity use, putting an immense strain on power grids.”