For energy consumers looking for ways to reduce their electricity bill, energy storage solutions may be the obvious answer. Lithium iron Phosphate or LiFePRO batteries are the highest-performing types of energy storage solutions that can help save on energy costs in an industrial or residential application.
LiFePRO batteries are a popular choice for energy storage because they’re very efficient, lighter in weight, and have a longer lifespan than older Lithium Ion batteries. They can be used to store energy from solar panels or wind turbines, and then used to power a home or business when electricity rates are high. Alternatively, the battery technology allows the consumer the flexibility to charge the batteries when grid tariffs are free or low to be used during peak hours when tariffs are high.
Apart from the obvious economical benefits, investing in energy storage solutions is a smart way to reduce your carbon footprint.
Industrial or residential consumers interested in reducing electricity bills, and helping the environment, must consider some type of energy storage solution going forward and LiFePRO batteries are currently state-of-the-art solution.