What are thermal energy storage systems and why use them:

Thermal energy storage systems are used as a storage bank for heat energy. A storage medium is cooled to a specific temperature; the cold in this storage medium can be utilized at a future date to generate cold air on demand. Thermal energy storage systems help reduce the size requirement and initial cost of cooling systems. A thermal energy system helps in cutting down the cost by lowering energy needs and reducing maintenance costs. These systems are best utilized in large buildings or across campuses.