What is electricity storage & why is it important?

Source: U.S. Energy Information Administration. Electricity storage can be deployed throughout an electric power system—functioning as generation, transmission, distribution, or end-use assets—an advantage when it comes to providing local solutions to a variety of issues.

Can I sell energy back to the grid?

In summary, selling energy back to the grid can be complicated and expensive. However, there are other options available to commercial and residential consumers that are looking to reduce energy costs. Our team understands the electricity grids in the U.S. and can help you navigate selling energy back to the grid.

How much money can you earn from selling electricity?

The amount of money you can earn from selling electricity depends on your place in the market. Registered electricity generation plants earn wholesale electricity prices for their power, while consumers can earn retail credits. Let’s look at each in more detail.

How do electricity generators make money?

Electricity generators earn profits by producing power at wholesale prices and selling them to the grid for a markup. Consumers, on the other hand, can also benefit financially from sending electricity back to the grid from solar systems or other distributed energy resources.

What are the different types of energy storage technologies?

Some storage technologies are mature and fully commercial, such as pumped hydro and thermal storage. Others are still evolving in terms of technology and their economic and operational roles in the power grid, such as battery storage or flywheels. The costs can be significant when it comes to energy storage, particularly with emerging technologies.

Why is electricity sold more than sold?

Sales: the amount of electricity sold to consumers accounts for most U.S. electricity consumption. More electricity is generated than sold because some energy is lost (as heat) in electricity transmission and distribution.