Amidst Europe’s energy transition, the Belgian electricity market is gradually implementing a time-of-use (TOU) pricing mechanism, resulting in significant price differences between peak and off-peak periods. For ordinary households, electricity bills constitute a significant part of daily life, making reducing costs through smart energy management a key concern for local users.
Background
Amid Belgium’s complex electricity market, a savvy homeowner chose an innovative energy management solution. Using SCU’s 215kWh integrated energy storage system, the customer significantly reduced their electricity costs and earned substantial financial returns from participating in grid services.
Customer Needs
This Belgian homeowner faced the following challenges:
- Severe electricity price fluctuations: Belgium experiences significant price fluctuations between peak and off-peak hours, making traditional electricity consumption expensive.
- Grid Service Opportunities: The customer sought to profit from participating in ancillary services such as frequency regulation.
- Power Reliability: The customer sought a higher level of power supply assurance, especially during grid instability.
- Environmental Awareness: The customer sought a smarter approach to reducing their carbon footprint.
215kWh Energy Storage Solution
SCU provided the customer with a 215kWh energy storage system featuring highly safe lithium iron phosphate batteries and an intelligent temperature control system to ensure stable 24/7 operation.
- Peak-valley arbitrage: Automatically charge during low-price periods and discharge for personal use during peak periods.
- Grid service participation: Receive service revenue by responding to grid frequency regulation requests when household electricity demand is low.
- Demand management: Smooth household load, avoiding bill increases due to short-term peaks.
- Backup power: Ready to provide emergency power support in the event of a grid failure.
Project Achievements
1. Outstanding Economic Benefits:
- Electricity Bill Savings: Annual electricity bills are significantly reduced through peak-valley arbitrage.
- Electricity Sales: Participate in grid ancillary services and receive a stable additional revenue stream.
- Return on Investment: Investment can be recovered within a few years, with a significant return.
2. Improved Power Quality: Power supply reliability is significantly improved, critical loads are seamlessly protected, power quality is optimized, and voltage is more stable.
3. Environmental Contributions: By absorbing electricity during off-peak periods (typically corresponding to peak renewable energy generation), it indirectly promotes renewable energy consumption and reduces fossil fuel demand during peak periods.
Customer Said
“SCU’s energy storage system has also delivered incredible benefits. It leverages price differentials and saves us significant money on electricity bills. Now, all our evening electricity needs, including for TV, lighting, and refrigerators, are fully met by the SCU batteries. This not only reduces our electricity bills but also eliminates the worry of power outages. Furthermore, the energy storage system generates additional revenue by providing services to the grid. Most importantly, we truly feel like we are contributing to the energy system in a smarter way.”
Outlook
As a leading global smart energy solutions provider, SCU is committed to helping customers maximize energy value through innovative technologies. Going forward, SCU will continue to provide customized energy storage solutions to European industrial, commercial, and residential customers, actively contributing to society’s move towards a smart, green, and economically coordinated energy future.