Terminology
AI – Artificial Intelligence
battery is a device to store electrical energy. Battery energy storage capacity is typically specified in kWh (kiloWatt*hours) or MWh (MegaWatt*hours). For example a battery that has energy storage capacity 100kWh can be used to generate 10 kW power for 10 hours (or 20 kW power for 5 hours) before it is fully discharged.
BOO – Build, Own and Operate method of business activity
DER – Distributed Energy Resource(s)
Energy – For electricity consumers “energy” refers to the amount of electrical power consumed over a period of time. It’s measured in kWh (kilo-Watt-hours) or MWh (Mega-Watt-hours). Your electricity costs are calculated in dollars-per-kWh. The sources of electrical energy can be generators, the electricity grid or batteries. Understanding energy usage is crucial for managing electricity costs and ensuring efficient use of resources.
kW is the unit to measure power – the rate of energy consumption or transfer
kWh – kiloWatt*hours is the unit to measure energy
MW – MegaWatt – is a unit to measure power – the rate of energy consumption or transfer. 1 MW = 1000 kW
MWh – MegaWatt*hours is a unit to measure energy. 1 MWh=1000 kWh
OEM – Original Equipment Manufacturer(s)
Power , measured in kiloWatts (kW) or Mega Watts (MW), refers to the rate at which energy is produced, used or transferred. In terms of battery, power represents the speed at which the battery can be discharged or recharged. Understanding power is essential for managing electricity usage effectively