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The profitability of energy storage depends on its purpose and application, whether it is ensuring supply security, achieving grid independence, or generating revenue. For example, storage can be beneficial in off-grid solutions, during power outages, for optimizing solar energy use, or participating in frequency reserve markets. The payback period is influenced by the size of the investment, the efficiency of storage management and electricity price fluctuations.

The frequency reserve market in Estonia ensures the stability of the electricity grid by balancing production and consumption. The growth of renewable energy and the desynchronization from the Russian grid increase the demand for fast reserve solutions. The system operator utilizes automated reserves, and the market enables participants to provide additional capacity through storage systems and flexibility, enhancing grid efficiency and supporting the integration of renewable energy.

Soleron Energy has joined the Estonian Chamber of Commerce and Industry, the largest and most influential organization representing businesses in Estonia. Membership in the Chamber provides us with the opportunity to actively contribute to the development of Estonia’s business environment, share experiences with other companies, and benefit from valuable services and training.

Soleron Energy provides software and equipment for energy management, integrating solar power plants, battery storage systems, and chargers to optimize self-consumption and energy sales. Battery storage systems help mitigate electricity price fluctuations and avoid unprofitable sales. The solution also supports participation in frequency reserve markets and enhances grid stability.

Battery energy storage systems are becoming an increasingly important part of our energy infrastructure. Their role is critical for the effective integration of renewable energy sources, such as solar and wind power, into energy grids. Since renewable energy production is often unpredictable, energy storage helps ensure a stable energy supply even when natural forces are not working in our favor.