The day of the 5th Energy Storage Forum’s workshop session in Rome is finally upon us. Today’s workshop will examine the economics, market demand most likely role of Energy Storage in a world increasingly characterised by the presence of intermittent renewable energy sources.
The morning segment of the workshop will be helmed by workshop leaders Dr. Ning Lu, Senior Research Engineer and Mr Gary Yang, Lab Fellow of the Pacific Northwest National Laboratory. The workshop will be centred on the comparison of energy storage business models and applications in order to sieve out the most viable game plan. Session 1 will thus revolve around the performance-based cost evaluation of different bulk system energy storage technologies and applications while Session 2 will proceed to stage an evaluation of the smart grid and residential storage options available.
The ability to adapt and respond to the environment will be one essential survival tactic advocated in the afternoon segment of today’s pre-Forum workshop by Ms Judy Chang, Principal and Mr Jurgen Weiss, Principal of the Brattle Group. The pragmatics of economics of storage such as the importance of energy price volatility, the ability to arbitrage, market drivers for arbitrage value of storage and the other economic benefits of storage will be duly analysed. The skill set of examining and understanding the landscape for energy storage today and in the near future will be imparted in Session 2 as the potential of storage solutions to resolve the conflict between the volatility of the power system and the incretion of renewable energy sources is discussed. The potential for storage to support mostly fossil fuel free energy systems of the future will also be discussed in Session 3.
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.