Jeff Damron, Senior Director, Business Development, at Wärtsilä’s Energy Storage and Optimisation Business, USA, describes how energy management software can help the changing energy storage landscape as the industry develops at a rapid pace.
Energy storage plays a vital role as more intermittent renewables are added to the grid, providing important grid services for reliability and stability. It has also been proven to provide excellent returns on investments and new revenue streams that power producers have come to rely on. In light of supply chain constraints that are likely to impact the cost structure of new energy storage projects, software optimisation is the most important decarbonisation and monetisation tool in the arsenal of power producers.
Supply and demand imbalance creates new challenges for…