Dr Alex Mardapittas, CEO of leading energy storage and voltage-optimisation brand Powerstar, discusses the impact of power failures and how technology can eliminate the risks associated with supply issues, while offering the added benefits of reducing energy consumption and costs.
29 January 2018 | Powerstar
Despite high-profile cases where power outages have had devastating repercussions for the affected businesses, many organisations remain unprepared for power failure.
A recent report into energy resilience found that 81 per cent of participants had experienced energy failure and that energy-related failures can total as much as 17 per cent of annual revenues.
Furthermore, businesses are unprepared to cope with the consequences of energy-related failures as around a third of those surveyed had no energy resilience plan in place.
However, a combination of rising energy prices, stringent emissions targets, and fears about the security of energy supplied by the grid are encouraging facility managers to consider adopting a decentralised energy storage scheme.
In fact, the global energy storage market is set to double around six times by 2030. The Bloomberg New Energy Finance Report, released in November, predicts that due to increased investment in technology, falling costs and the addition of wind and solar capacity to markets, storage output is likely to reach 305gWh over the next 12 years.
Concerns about the security of energy supplied by the grid has seen increased investment in energy storage solutions such as VIRTUE from Powerstar, which offers users greater control and flexibility over their electricity usage.
In the absence of codified energy resilience strategies, perhaps the most effective way for an organisation to improve its resilience is to invest in leading-edge technologies that automatically ensure resilient processes.
The key benefit of on-site storage systems, which make them so effective in improving energy resilience, is that they can offer a back-up supply to the load in the event of a power failure. Leading brands offer full, uninterruptible power supply (UPS) capabilities that kick in as needed, within milliseconds of a blackout or brownout being detected.
Adopting energy storage systems with full UPS capabilities will help organisations prepare for energy failures without any interruption whatsoever to the power supply, regardless of what caused the failure. If capacity needs to be expanded, more batteries are installed in line with demand.
Energy storage technology is, therefore, an ideal solution for facilities that rely on the continuous, uninterrupted functioning of IT or critical equipment, such as airports and data centres.
Providers such as Powerstar can deliver a concept-to-completion service including assessing a building's energy supply and advising on the optimisation process and how best to make savings. No two sites are the same, so a tailored plan can be put together to reflect the specific requirements of each facility.
This content was paid for and provided by Powerstar.
Powerstar is a market leader in the industry, delivering a range of bespoke solutions that are designed and manufactured in the UK. For more information on voltage optimisation and energy storage, visit the Powerstar website at www.powerstar.com