The Energy Storage as a Service Market primarily deals with energy storage solutions that provide flexible services to utility companies and commercial as well as industrial end users. These solutions usually involve battery storage systems that store excess energy from renewable energy sources such as solar and wind, and later deliver that stored energy onto the grid during peak demand periods. Energy storage helps in integrating more renewable energy into the power grid in a stable and cost-effective manner. It also helps utility companies and end users manage their electricity costs by reducing peak demand charges.
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