What is Energy Storage?
Historical Background
Key Points
8 points- 1.
Addresses intermittency and variability of solar and wind power.
- 2.
Enhances grid stability and reliability by balancing supply and demand.
- 3.
Facilitates peak shaving reducing electricity demand during peak hours and load shifting.
- 4.
Enables ancillary services like frequency regulation and voltage support.
- 5.
Key technologies include Lithium-ion batteries, pumped-hydro storage, flow batteries, compressed air energy storage (CAES), and thermal energy storage.
- 6.
Reduces the need for spinning reserves from fossil fuel plants.
- 7.
Critical for off-grid applications and microgrids.
- 8.
Challenges include cost, lifespan, safety, and raw material availability (e.g., lithium, cobalt).
Visual Insights
Energy Storage: Enabling Renewable Energy Integration
This mind map outlines the critical role of energy storage in the modern grid, detailing its purpose, key technologies, benefits for grid stability, and the challenges associated with its deployment.
Energy Storage
- ●Purpose
- ●Key Technologies
- ●Benefits
- ●Challenges
Recent Developments
5 developmentsGovernment initiatives to promote Battery Energy Storage Systems (BESS), including viability gap funding (VGF).
Large-scale pumped hydro projects being revived and planned.
Increased focus on domestic manufacturing of battery components and cells.
Integration of energy storage with renewable energy projects through hybrid tenders.
Research and development in next-generation battery technologies.