World Bank Highlights Complementary Role Of Energy Storage In Grids With Renewables

A new report from the World Bank’s Energy Sector Management Assistance Program (ESMAP) looks at new approaches to facilitate the scaling up of variable renewable energy, considering options for grid integration using natural gas and storage.

These approaches include strengthening interconnections between areas, diversifying the contribution of different renewable energy sources form various locations and building up complementary generation and demand response technologies.

Utilities and regulators will have to reformulate their business models to accommodate a growing number of clients who are both consumers and distributed generators.

Senior Director of the World Bank’s Energy and Extractives Global Practice, Anita Marangoly George says renewables are “no longer a marginal business”. With the right combination of policies and investments, they would “bring light to thousands of businesses, grow businesses, meet the needs of cities and drive entire economies.”

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

Optimising the Value-Stack of Distributed Energy Resources (DER)

While residential energy storage deployment has seen significant growth in several regions, there still seems to be challenges in drawing out their full value. One important issue to consider when investing in such systems would be defining the different value streams that can be tapped into. James Brown (SA Power Networks), Felix Keck (Ausgrid) and…

Read More

Building A VPP – Successful Strategies for Market Entry

Virtual power plants (VPP) and battery opportunities is something thought about a lot at New Energy Ventures. It’s becoming increasingly clear that VPPs are likely to play a large part of the future grid. The market opportunity for behind-the-meter energy storage over the next 10 – 20 years is going to be huge, with up…

Read More

Waterworld: Hydropower Is The Key To A Renewable Energy Future

In September, the European Commission in Brussels proposed an ambitious new goal for renewable energy in the region: a 55% reduction in greenhouses gases by 2030 (compared to 1990 levels) to put Europe on track toward climate neutrality by 2050. To get there, EU countries are going to have to accelerate their efforts around renewable…

Read More

★REVIEWS

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

★★★★★

Sales Director, S&C

“Well-designed, organized, friendly staff– and various international contacts we hope to do business with soon.”

★★★★★

Marketing Manager, Gildemeister

“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