The value of energy storage capabilities is growing in significance across Asia-Pacific.
FREMONT, CA: The energy sector is currently experiencing a lot of transformations. Operation capabilities are evolving, and the infrastructure is becoming smarter. In the process, Energy Storage Software (ESS) is also poised to attract a lot of attention. Industry consciousness towards ESS is continually growing. Especially in the Asia-Pacific region, the market for ESS could be significant. The region has been proactive in transforming its energy operations and has been quick to adopt energy storage through batteries. As digital technologies including IoT, machine learning and blockchain contribute towards advanced ESS offerings, deployment is set to see a rise.
Greater Flexibility with Energy Storage
The sources from which energy is derived have multiplied today. Apart from conventional sources, many renewable and clean sources of energy are now being commercialised. A transformation towards distributed and digitised systems is already taking place. In such a scenario, opting for an ESS makes things convenient and flexible. Both utility companies, as well as end consumers, can benefit from the sophistication that software-based storage control and management offers.
Improved Asset Management
Distributed energy brings a lot of complexity. Managing energy storage assets is associated with a lot of hard work. However, ESS makes the job simple by adding intelligent capabilities. Subsequently, the need for human intervention in managing and maintaining energy storage infrastructure also reduces. Utilities get the opportunity to deliver better services with a smaller workforce.
Enhances Economic Viability
An ideal ESS augments a lot of capabilities and brings them onto the same platform. This allows energy companies, as well as commercial consumers of power to streamline storage. Numerous applications can be embedded into a single ESS, making it an excellent investment. Ultimately, an ESS can greatly enhance the economic viability of evolving energy storage systems.
With these factors at play, Asia-Pacific is anticipated to be a preferred destination for ESS providers.