3 reasons why you should consider round-trip efficiency when selecting your energy storage technology
The more efficient your storage, the more energy you get out.
The round-trip efficiency expresses how much of the energy you put in you can get out again. In an ideal case, this is 100% - all of it. But this ideal case doesn't exist.
Depending on the technology, you have more or less loss.
Here are 3 reasons for selecting high-efficiency storage:
1. Increases your self-consumption and autarky
You invest in renewables and storage to consume your self-generated power.
The higher the round-trip efficiency, the more of it you can consume. And the less you are dependent on the grid. Storage technologies with low efficiencies, such as hydrogen, have a lot of loss.
Choose efficient technologies to avoid waste.
2. Saves you money
Efficient appliances are cheaper in the long run.
This is also true for energy storage. The less energy you waste in a full cycle, the less you pay for your energy unit. The result is a lower electricity bill.
Efficiency always pays.
3. Reduces your carbon footprint
Even solar energy has a carbon footprint.
The production of solar panels, inverters, and storage produces greenhouse gases. Inefficient products waste this initial footprint. The higher the efficiency the faster you can offset it.
An efficient storage technology makes better use of its initial footprint.