Innovations in battery technologies and decreasing costs are the enablers behind the emergence of stationary energy storage technologies.
FREMONT, CA: Last year, solar deployments across the world were over 100 GW. Similarly, the deployment of on-shore and off-shore wind turbines is accelerating. In a given geographical area, newly deployed solar and wind capacity will be producing energy at the same time as the existing solar potential. This can result in excess power from renewable sources, and no power is produced when the sun isn't shining, and the wind isn't blowing. So, the issue becomes how to capture and store this excess energy for future use. This is where energy storage technologies come to play and become a vital component of the future of power infrastructure. Learn more here.
The pattern of when and how much electricity firm produce differs from when and how electricity people consume. Renewable power sources are not flexible, meaning they cannot be dispatched when required to meet energy consumers' ever-changing needs. While conventional power plants and interconnections will continue to be critical levers to address this challenge, energy storage systems are vital in solving this flexibility challenge. Innovations in battery technologies and reducing costs are the enablers behind the rise of stationary power storage technologies.
An energy storage system can store energy and release it in the form of power when it is needed. In most instances, a stationary energy storage system will comprise an array of batteries, an electronic control system, an inverter, and a thermal management system within an enclosure. Unlike a fuel cell that creates electricity without charging, energy storage systems require to be charged to offer electricity when needed. Batteries and electronic control systems are at the core of how stationary energy storage systems function. Batteries are where the power is stored within the system in chemical energy, and lithium is the popular element used to store the chemical energy within batteries. Economic feasibility is one of the vital drivers of where stationary storage offerings will be adopted more quickly.
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