Our battery storage systems trade on several markets, including frequency regulation, ancillary services, energy arbitrage, and capacity markets. These markets enable us to provide services such as grid stabilization, peak shaving, and demand response. We can also participate in market schemes that facilitate the trading of stored energy during periods of high demand or when renewable generation is low.
As regulatory frameworks evolve and support for energy storage increases, opportunities for trading on these markets will expand, enhancing the economic viability of battery storage systems across the region.
By using sophisticated AI-generated aggregation software to trade on these markets, we anticipate to generate an annual internal rate of return exceeding 15%.
Large-scale battery storage systems, such as lithium-ion batteries, typically have a lifespan of up to 20 years. After their primary use in energy storage applications, these batteries can be repurposed for secondary uses, such as supporting renewable energy integration in residential and commercial settings or serving in electric vehicle charging stations. This not only extends their functionality but also contributes to sustainability by allowing for recycling of valuable materials and promoting a circular economy. The ability to give batteries a second life showcases the versatility of energy storage solutions and their role in fostering a greener future.
Byhmgard’s philosophy is to deliver the best software and hardware for each site.
Our support team monitors our systems to ensure they are available 24/7.
Byhmgard offers flexible roles based on what works best for each project.
Inertia, frequency, voltage, system constraints, and more — these are just some of the factors that need to be considered when balancing an electricity grid. But don’t worry, you don’t need a PhD in nuclear physics. Balancing the grid is a highly complex task, and here we’ll explain the basics.
Svenska kraftnät’s (SVK) role is to reliably ensure that the power grid can match supply and demand every single second — this is what it means to balance the grid.
When you think about how electricity demand rises and falls throughout the day, and how it can be affected by weather conditions, it’s easy to see how quickly that demand can change. To manage this, SVK relies on a wide range of tools.
Electricity is transported across all regions of Sweden, and key parameters like voltage (volts) and frequency (Hz) must be carefully regulated across the entire national grid. This ensures that the power produced in large reactors and turbines can safely be used by everyday electronics plugged into wall sockets.
SVK’s mission is to ensure that all of this happens smoothly and efficiently. To do so, they work with partners to provide ancillary services — critical tools that help keep our grid stable, secure, and as cost-effective as possible.