The Key To Carbon-free Grid Systems: Energy Storage Systems

- Dec 10, 2019-

Studies show that deploying battery energy storage systems can enable grid operators to expand the use of renewable energy and reduce carbon emissions by changing their dependence on traditional energy sources. At the same time, battery energy storage systems also play a key role in promoting modernization of the power grid and introducing new business cases.

For example, energy storage systems give stakeholders greater flexibility in power generation, transmission, distribution, and use. Consumers are now able to integrate or sell excess energy generated on-site to the grid to generate additional revenue and help increase the flexibility of the grid.

Italian multinational energy manufacturer Enel hopes to deploy renewable energy and grid-scale energy storage systems to achieve the United Nations Global Compact, science-based target initiatives, and the sustainable development goals promoted by the Global Business Climate Alliance.

Enel has set a goal of achieving net zero emissions by 2050, investing 22.7 billion euros in the deployment of renewable energy and energy storage systems, investment demand response and smart grids.

A recent research report published by research firm Global Footprint Network states that decarbonization can only be achieved by deploying technologies such as renewable energy and energy storage.

Energy storage deployment

According to survey data from research firm Navigant Research, although the capacity of energy storage systems deployed in 2018 experienced the largest increase ever, the market is expected to accelerate in the next few years. In the 2019 Energy Storage Tracking Report released in September this year, Navigant has identified 2092 planned energy storage projects for deployment.

Navigant analyst Ricardo F Rodriguez said, "Some manufacturers have entered the market of the energy storage value chain, while traditional energy storage companies are seeking to increase their market influence." Bloomberg New Energy Finance (BNEF) predicts that global energy storage deployment will It will grow exponentially from 9GW / 17GWh in 2018 to 1,095GW / 2,850GWh in 2040.

By 2040, the deployment of stationary energy storage systems will have an explosive growth of 122 times and require an investment of 662 billion U.S. dollars, and the cost of lithium-ion batteries will further decline (the cost of lithium-ion batteries will be reduced by 85% from 2010 to 2018) ) Make it possible.

Logan Goldie-Scot, head of the energy storage department at Bloomberg New Energy Finance (BNEF), said, "Renewable energy + energy storage projects (especially solar + energy storage projects) have become the main driving force for battery production in the near future. This is A new era of renewable energy development based on a new contract structure between energy developers and grid operators. "

He said that according to the survey, renewable energy generation in 10 countries and regions will account for nearly three-quarters of the global market. Therefore, it is necessary to encourage more countries to invest heavily in sustainable development and clean energy to combat climate change. . These countries and regions include South Korea, China, the United States, India, Germany, Latin America, Southeast Asia, France, Australia, and the United Kingdom.

DNV GL, an energy research and consulting firm, recently released ten recommendations on how the planet can transform its energy and limit global warming. One of them is that countries will increase energy storage battery production by 50 times by 2030. This can be achieved by increasing investment in energy storage systems and energy balancing solutions to ensure that more solar and wind power facilities are integrated with the grid.

A recent survey report released by Enel and Ambrosetti pointed out that the regional benefits of the energy transition will reach 145 billion euros and create 1.4 million new jobs. The deployment of battery energy storage systems and demand response facilities is a key business case for the energy transition and is expected to have a significant impact.

Obviously, renewable energy generation is now a key driver of the energy transition. Therefore, energy manufacturers need to invest more in technological innovation and accelerated deployment of energy storage solutions in order to improve the efficiency of the grid and ensure the decarbonization of the grid.