LNG peak shaving plants are facilities designed to store liquefied natural gas (LNG) and release it during periods of high demand.
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However, peak shaving can still be achieved by combining on-site solar generation with battery energy storage systems (BESS). Battery storage allows a facility to store electricity when it is inexpensive or readily available, and use it later when demand is high.
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Energy storage not only helps balance the grid but also supports load management during periods of high demand. Project managers need to understand system variability and market dynamics to design solutions that ensure a smooth supply of energy during peak load .
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We analyze the potential of each strategy to reduce peak demand and shift energy consumption to off-peak hours, as well as identify the key themes critical to the success of peak shaving for smart grids, including effective coordination and communication, data analytics.
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