Cleaner air can improve public health, maybe even save lives. Fortunately, renewable energy resources—wind, sun, hydropower and the like—are now producing more electricity than coal. That’s where innovative energy storage solutions come in. They help create a cleaner world, encouraging investment into clean, green, renewable energy. To help, engineers and policymakers are increasingly turning their attention to energy storage solutions. New bi-partisan efforts in states such as New York and the Trump administration are in alignment to support new energy storage technologies that drastically improve the economics of wind and solar projects.
The global rise in electricity generation from renewable sources has led to increased demand for advanced batteries that can be used to firm up this intermittent supply. This requirement is particularly important in areas where grid connections may be tenuous, unreliable or even non-existent. Additional demand for advanced batteries is presented by grid applications such as peak-shifting and Transmission and Distribution (T&D) capital deferral.
Energy storage systems provide many ways to manage the power supply for a more resilient energy infrastructure, and bring cost savings to utilities and consumers. Batteries allow the use of electricity whenever it’s needed, not only when it’s generated. However, traditional battery economics and performance have not proved helpful as utilities look to increase renewable penetration through long-duration energy storage.