Achieve Multi-Use Applications with Ultracapacitor Storage
May 06, 2019 | Kimberly McGrath, Ph.D., MBA, Sr. Director of Business Development
One of the most important benefits of a well-designed energy storage system is the ability to "stack services," that is, to leverage the system to deliver multiple applications that result in the most possible value.
Multi-use applications are achieved by integrating ultracapacitors (supercapacitors) with lithium-ion and other battery chemistries. The combined energy storage assets can provide, for example, energy arbitrage, fast frequency response and synthetic inertia to maximize asset use and increase benefit-to-cost ratio.
||Purchasing and storing electricity during off-peak times and using it when electricity prices are the highest
|Fast frequency response
||Enhancing frequency control in power systems with low inertia
||Introduced to overcome the problem of reduced inherent grid inertia due to high penetrations of renewable energy
This combination of benefits helps businesses optimize the performance of the energy storage system and extract, in many cases, hundreds of thousands dollars in value per year.
Maxwell Technologies works with businesses to achieve new levels of stacked functionality to maximize asset use, optimize economics and decrease payback period. Download Maxwell’s Stacked Services infographic for a quick overview of revenue streams that can be achieved with Maxwell’s ultracapacitor-based Grid Energy Storage System.
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Dr. Kim McGrath
Ph.D., MBA, Sr. Director of Business Development
About this author
Kimberly McGrath, Ph.D., MBA is senior director of business development and technical marketing at Maxwell Technologies. Dr. McGrath has spent her career in the field of energy storage applications and technologies. She has over 15 years of experience in the development and commercialization of energy storage solutions for
electricity grid, industrial, and transportation applications, with specific expertise in building corporate strategic initiatives and business lines to profitably grow in emerging markets. She received her doctorate in chemistry from the University of Southern California and an MBA from The Paul Merage School of Business at the University of California, Irvine.
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