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Glossary

  1. ESS (Energy Storage System):
    a system that stores electricity for later use.
  2. BESS (Battery Energy Storage System):
    an ESS that uses batteries to store electricity.
  3. AIO (All-In-One):
    a compact unit that combines batteries, inverter, and controllers in one product.
  4. Inverter:
    a device that converts electricity from direct current (DC) — used in batteries and solar panels — to alternating current (AC), which powers your home and the grid.
  5. EMS (Energy Management System):
    AI-driven smart software/hardware that controls and handles how energy flows between your home, battery, solar, and the grid.
  6. VPP (Virtual Power Plant):
    a network of many home batteries working together like one big power plant, trading electricity on energy markets.
  7. Grid export:
    selling electricity from your battery or solar panels into the public grid.
  8. Grid import:
    buying electricity from the public grid (e.g., when prices are low).
  9. Savings:
    reduction in your electricity bill by using stored cheap energy instead of expensive peak-time electricity.
  10. Earnings:
    extra income you receive when your battery participates in trading activities through the Besst VPP.
  11. Besst VPP:
    Besst’s Virtual Power Plant platform, where all connected household batteries operate together on the energy market.
  12. Besst partner:
    a household or business that owns/uses a Besst AIO and participates in the Besst VPP.
  13. Community business model:
    the way Besst unites thousands of small partners into one cooperative power system, sharing revenues fairly.
  14. DSO (Distribution System Operator):
    local company that manages electricity distribution lines to your home (responsible for meters and connection approvals).
  15. TSO (Transmission System Operator):
    national operator that manages high-voltage electricity transmission and balancing of the whole power system.
  16. MPPT (Maximum Power Point Tracking):
    a smart controller inside the inverter that ensures solar panels always deliver maximum output.
  17. Ancillary markets (balancing):
    special electricity markets where batteries provide grid balancing services (frequency regulation, reserve capacity).
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