Why is energy storage important?
Energy storage is the peanut butter to the chocolate of renewable energy, making all the best traits about clean energy even better and balancing out some of its downsides. But it’s also an important ingredient in grid stability, reliability, and resilience, helping ensure a steady flow of megawatts during blackouts and extreme weather.
Is energy storage at a crossroads?
“The Q1 results demonstrate the demand for energy storage in the US to serve a grid with both growing renewables and growing load. However, the industry stands at a crossroads, with potential policy changes threatening to disrupt this momentum,” said Allison Weis, Global Head of Energy Storage at Wood Mackenzie.
Can you store energy underground?
More storage also means more backup power for ever-hotter heat waves, when whole regions flick on their AC units. Companies are figuring out how to store energy underground, too. A company called Hydrostor, based in Toronto, Canada, uses excess renewable energy on the grid to pump compressed air into subterranean caverns filled with water.
Can energy storage solve intermittency issues?
According to Robert Piconi, Chief Executive Officer of Energy Vault, “With clean energy rapidly gaining momentum, we are seeing heightened demand for energy storage infrastructure to solve for intermittency issues. There is no one-size-fits-all solution as far as energy storage is concerned.
Could a long-duration energy storage system be a viable alternative?
The need for an alternative has the United States government, researchers, and startups scrambling to develop more “long-duration energy storage” that can provide a minimum of 10 hours of backup power—often by using reservoirs, caverns, and other parts of the landscape as batteries.
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