Businesses across industries are facing a relentless rise in electricity costs, coupled with ever more ambitious sustainability requirements. This not only strains operational budgets but also compels companies to reconsider their energy strategies. TGN Energy offers a compelling solution to this challenge through the integration of smart, sustainable energy systems, collectively known as TGN Grid. These systems are designed to significantly reduce electricity expenses while simultaneously increasing flexibility and operational leeway. Our tailored solutions, including solar PV systems, battery storage, and intelligent energy management through TGN FlexControl, empower businesses to take control of their energy use, optimize their operations, and achieve substantial cost savings.
Harnessing solar power
Solar energy has proven to be a transformative solution for businesses looking to reduce their dependence on grid electricity and decrease their energy expenditures. By installing solar panels, companies can convert their unused rooftop space into powerful assets that generate significant cost savings. Installing solar panels is a straightforward process that typically involves an assessment of the rooftop space, obtaining permits if needed, and installation by certified professionals. The cost-effectiveness of solar energy is enhanced by various government incentives and rebates, making it an accessible and profitable investment for businesses.
Cost-effectiveness of solar energy
The immediate benefit of integrating solar panels is the reduction in electricity bills. Solar power provides a reliable supply of electricity at an increasingly competitive cost compared to conventional power sources, especially when integrated through TGN Grid solutions. This energy can either be used directly, reducing the amount of power drawn from the grid during peak hours, or stored in battery systems for later use.
Figure 1: Power consumption for a large logistics facility in 2023, compared to power generation from rooftop Solar PV and residual power from grid.
Battery storage is a core component in TGN Grid. By storing surplus solar energy or cheap grid electricity, battery systems allow businesses to utilize this stored power during peak demand periods, effectively managing their energy consumption.
How battery storage works
The process starts with capturing excess solar power generated during peak sunlight hours. This energy is stored in battery systems integrated within the TGN Grid solution. When electricity demand on the grid peaks, typically in the late afternoon or early evening, the stored energy is released, thus reducing the need to purchase high-cost grid electricity. Excess capacity can also be saved for discharge during peak price hours in the morning, before the solar system has recommenced production.
Benefits of peak shaving
Peak shaving involves shaving off their highest consumption hours during a month (peak load). By lowering their peak load on the grid, businesses can significantly reduce their grid tariffs, which are often determined by the highest peak loads during the billing period. This reduction in peak demand not only lowers energy costs but also alleviates strain on the electrical grid.
Figure 2: Discharge from battery shaves off morning peak on industrial facility to reduce grid tariff
Managing power loads effectively is crucial for optimizing energy consumption and reducing costs. TGN Grid plays a vital role in this area by intelligently adjusting the energy usage patterns of a flexible and dispatchable load based on real-time market prices and availability.
Load management strategies
Adopting smart energy solutions not only leads to significant cost savings but also opens up opportunities to benefit from various financial incentives. Many European countries offer attractive rebates, tax incentives, and grants for businesses that invest in renewable energy technologies and energy efficiency improvements. By leveraging these incentives, businesses can further reduce their initial investment costs and accelerate the return on investment.
Investing in TGN Energy’s smart energy solutions offers long-term financial benefits beyond immediate cost savings. Reduced energy bills, lower grid tariffs due to peak shaving, and additional revenue streams from grid services collectively enhance the financial health of your business. These savings and revenue opportunities free up capital for reinvestment into core business activities, fostering growth and innovation.
The integration of smart energy solutions such as solar panels, battery storage, and advanced energy management systems like TGN Grid presents a powerful strategy for businesses aiming to reduce their electricity bills and enhance energy efficiency. TGN Energy’s comprehensive solutions not only help in cutting costs but also contribute to a sustainable and resilient energy future.
By investing in these technologies, businesses can achieve significant financial savings, reduce their carbon footprint, and improve their overall energy management. TGN Energy is committed to helping businesses navigate the transition to smarter energy use, providing expert guidance, cutting-edge technology, and dedicated support.
Ready to start saving on your electricity bills and optimize your energy use? TGN Energy is here to assist you every step of the way. Contact our team today to schedule a consultation and discover how our smart energy solutions can be tailored to meet your specific needs.
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