Heightened activity around energy storage reflects the growing importance of the technology to meet clean energy goals. Increasing levels of renewable energy, electrification of buildings and transportation, as well as… Read the full report …...
Heightened activity around energy storage reflects the growing importance of the technology to meet clean energy goals. Increasing levels of renewable energy, electrification of buildings and transportation, as well as retirement of fossil fuel generators are driving growth in battery storage installations.
Energy storage plays a key role in managing the pace of the transformation of the electric system. The versatility of the resource has allowed for multiple grid roles, including supporting transmission reliability.
As the transition to a carbon-free grid relies on the integration of diverse renewable energy resources, the need for long-duration energy storage has become more essential. Storage systems capable of supplying energy for 10 hours or more, or adequate stored energy to provide firm capacity to the grid have been garnering attention to accommodate renewables and support grid stability.
