Speakers’ Corner: Samsung
This week, we continue our series where we ask our speakers 6 questions on Energy Storage, share their answers with you. Today we are pleased to feature the answers from our Gold Sponsor, Samsung. Enjoy!
The most exciting technical innovation in the field of energy storage is its connectivity to not only the grid, but with renewable energy. The ability to transform unstable energy into a standardized form of energy, guaranteeing the quality of the energy is extremely fascinating. In addition, the energy storage technology that rids the variation of energy inflow makes this field innovative and exciting.
Although there is no fixed year as to when the market conditions will be right for large scale deployment of energy storage, we have reviewed many research data from different companies and have come to the conclusion that the market will begin to show signs of increase around the year 2014. The market is directly correlated with the renewable portion and that government policies differ depending on the region. As such, this means that the deployment of large scale energy storage systems will differ by region but we estimate that market conditions will begin to change around the year 2014-2015.
The most important function that the energy storage system can provide in the grid right now is reliability. Specifically, an uninterrupted flow of energy makes energy storage system (ESS) essential and necessary. We believe that energy storage will play an important role in the future grid. The reason for this assumption lies in the fact that the portion of renewable energy is steadily increasing, making energy storage equally important and also essential in the future grid.
The two topics we would like to see Forum delegates to brainstorm and come up with an Action Plan that can help the industry are: How to create value of ESS to potential and current customers, and How to make regulations/policies or a simulation plan to boost the ESS market.
Samsung has a range of experience with energy storage in various countries. Firstly, in Japan, we signed a contract to supply ESS for residential use. In Korea, we participated in various demo projects for homes, transportation(charging station) and renewables, and we also installed LIB based UPS for a Korean bank. Lastly in the EU and in the US, we plan to deliver large scale ESS in connection to the grid/renewable.
Samsung will be speaking at The 6th Energy Storage World Forum about “Identifying The Business Case For Energy Storage In Asia”, on Tuesday, 23 April 2013.
If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.