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

Annual Installed Capacity Significantly Increases

While the global market was under the haze of the epidemic and many countries were still in lockdown, the energy storage market showed extremely strong resilience and began to recover and grow since Q3 and Q4 of 2020. According to the BloombergNEF report, the global energy storage market in 2020 has developed faster than expected,…

Read More

Future energy predictions: Growth of flexibility and grid forming

  It is well known that COVID-19 has caused low energy demand and the growth of renewable energy across Europe. Now, Andrew Tang, Vice President for Energy Storage at Wärtsilä, predicts this will result in swift action to build better grid resiliency. The share of renewable power across Europe has skyrocketed over the last six…

Read More

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

★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