Energy storage, which allows utilities, utility consumers, and third parties to store or release electricity on demand, is one game-changing technology that is part of this revolution.

Fremont, CA: The rapid expansion of new energy technology is giving customers and utilities an increasing number of options for generating, utilising, and managing energy, driving a dramatic overhaul of the electric grid. The grid is evolving from a more static system with centralised energy generating and management operations to more dynamic and adaptive, with customers helping to balance the grid by managing generation and demand.

Energy storage, which allows utilities, utility consumers, and third parties to store or release electricity on demand, is one game-changing technology that is part of this revolution. Electrochemical batteries, pumped storage hydropower, compressed air, and thermal storage are energy storage systems.

Electrochemical batteries, pumped storage hydropower, compressed air, and thermal storage are energy storage systems. Storage technologies can assist in meeting peak demand when power prices are high, providing backup power during power outages, or assisting the grid in adapting to rapid power generation swings induced by changes in renewable energy production or a typical power plant failure. Energy storage offers utilities, grid operators, and customers a slew of new energy-management options, with the potential to improve grid dependability and stability, postpone capacity and transmission improvements, and aid in the integration of renewable resources.