Solaris PESA™ Technology
Energy Storage Solution - ESS
INSTANTANEOUS STORAGE OF ELECTRICAL ENERGY FOR USE ON DEMAND
Solaris Power Cells answers the energy storage challenge with the Passive Electron Storage Array (PESA™) - a 100% renewable energy storage solution (ESS) with compelling advantages over battery storage systems.
Electrical system designers are eager to use renewable energy solutions that reduce reliance on polluting fossil fuels. Storing renewable energy generated during peak hours for later use, however, is a challenge for engineers. An emerging approach to this challenge is the use of battery storage. Unfortunately battery storage suffers from drawbacks not limited to:
Technology Tipping Point
Solaris Power Cells major business and revenue plans are focused on energy storage and management solutions for utilities and power grids. These are systems that store, buffer and/or balance electrical energy produced through both traditional and renewable (solar, wind, etc.) sources. Four factors are fueling an immediate demand for Solaris’ PESA™ technology.
- The California Public Utilities Commission approved a target requiring the state’s three largest investor-owned utilities, aggregators, and other energy service providers to procure 1.3 gigawatts of energy storage by 2020.
- According to research firm HIS, the energy storage market is set to ‘explode’ to an annual installation size of 6 gigawatts in 2017 and over 40 gigawatts by 2022. This contrasts against an initial installed base of 0.34 gigawatts installed in 2012 and 2013.
- The total market for energy storage in photovoltaic systems has been estimated at $19 billion in 2017. (‘The Role of Energy Storage in the PV Industry,’ IMS Research, 2012).
- The market for supercapacitor components in renewable energy, grid balancing, infrastructure and other electrical systems has been estimated at $1.9 billion in 2023 (IDTechEx, 2013).
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