Progressive Utilities Explore Energy Storage

The global energy storage market is currently being driven by government investments, renewable energy policies, smart grid deployments, private capital, successful demonstration projects, and government backed research and development aimed at reducing the costs of energy storage technologies. In fact, progressive utilities across the globe are exploring the use of energy storage technologies to provide load shifting, reserve capacity, frequency regulation, renewable energy integration, substation back-up and storage, spinning reserves, and community energy storage solutions.

Utilities’ battle with peak demand and integration of distributed renewable energy resources could soon be over with the promise of the capacity of Energy Storage to alleviate the impact of both problems. Thus far, technology cost of the storage medium and intelligent dispatch of the storage resource are two primary factors that will have the greatest impact to the return on investment for energy storage.  The needed infrastructure will be a combination of centralized intelligence employing real-time modelling and distributed intelligence making high-speed responses to local conditions.

With a hybrid architecture, the profits utilities and energy storage asset owners will reap through asset life, power quality, energy cost savings, and reduced infrastructure investments will be maximized.

Source and Read More 

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.

LATEST ARTICLES

Product Development: Embracing product safety and compliance

PRODUCT DEVELOPMENT: EMBRACING PRODUCT SAFETY AND COMPLIANCE Recent safety incidents on storage plants have raised concerns about the fire safety of battery storage systems. Such events are extremely rare compared to the cumulated global deployments of energy storage systems, which have reached more than 27 GWh by end of 2020 (Wood Mackenzie 2021). However, for…

Read More

The UK National Energy Grid – A Story of Islands, Trading, and Energy Storage

As first seen in Energy Global, grid software acts as a modern-day map, helping to chart and navigate today’s energy grids; software engineers are tasked with carefully delineating how each region’s energy markets operate. However, looking more closely at energy markets makes clear how unique each market is – each defined by different topography, resources,…

Read More

Energy Storage Systems: the role of an Integrator

Simplifying BESS deployments by mastering their associated risks With the introduction of Battery Energy Storage Systems ‘BESS’, a new role has been created on the value chain. It is the role of a BESS integrator. The role of an integrator can be misunderstood at times or blended with other roles at other times. This is…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x