Batteries are a critical part of Australia’s energy transition and can help cold storage facilities optimise their energy strategy.
Although investing in battery storage was once cost-prohibitive for many businesses, we’re now seeing a rapid downward trend in the price of battery units. This comes alongside the announcement of new government incentives expected to deliver more than 1 million subsidised batteries across the country.
As more ageing coal generators retire, and wholesale price volatility increases throughout the National Electricity Market, the cost-saving potential of batteries has never been greater.
Thinking of investing in battery storage?
Here’s 5 benefits batteries could unlock for your cold storage business:
1. Batteries can reduce your operating costs
Batteries let your cold storage facility store electricity when prices are low – typically during daytime hours, when solar energy is abundant and cheap – and use it later when prices spike.
This can insulate your business from high wholesale prices and avoid peak tariffs, helping drive down your operational costs.
2. Batteries improve your energy resilience
Electricity is key to the functioning and profitability of your business, so energy resilience is critical for success.
Battery storage can provide backup power during grid outages, ensuring your valuable stock is protected from spoilage. Your business can maintain its full operational output, even during extreme energy events.
3. Batteries help maximise your existing solar investment
If your facility has rooftop solar, batteries allow you to store excess solar energy generated during the day, to use throughout the evening or overnight.
This helps reduce your reliance on the grid and maximises value from existing energy assets.
4. Batteries help stabilise your energy usage
Batteries can manage sudden spikes in energy demand, like when compressors start up, which can reduce your demand charges and help maintain a stable energy load profile.
5. Batteries can help your business operate more sustainably
There is increasing pressure on large energy users to reduce their emissions from customers and supply chain partners.
Using stored renewable energy can help reduce your business’ carbon emissions and support working towards sustainability targets.
Additionally, making the switch from diesel backup generators to battery storage offers long-term price efficiency and can significantly reduce the carbon intensity of your business’ operations.
Ready to find the right battery solution for your cold storage facility?
Speak to a Flow Power specialist today.
