- Latest trends in thermal energy storage systems
- Benefits of thermal energy storage in lowering energy costs
Latest trends in thermal energy storage systems
In 2024, the latest trends in thermal energy storage systems include the use of advanced materials for heat storage, such as phase change materials and molten salts. Additionally, there is a growing focus on integrating thermal energy storage with renewable energy sources, such as solar and wind power, to provide reliable and consistent energy supply.
Benefits of thermal energy storage in lowering energy costs
Thermal energy storage systems can lower energy costs by allowing facilities to store excess energy during off-peak hours when electricity rates are lower, and then use it during peak demand periods when rates are higher. This helps to reduce overall energy consumption and reliance on expensive peak power. Additionally, thermal energy storage can also improve the efficiency of HVAC systems, reducing the need for energy-intensive cooling during peak demand times. Overall, these benefits contribute to significant cost savings for businesses and consumers.