qocsuing: New Technologies, New Sites Supporting Growth of Energy Storage

New Technologies, New Sites Supporting Growth of Energy Storage

27 Jul 2023 at 01:02

New Technologies, New Sites Supporting Growth of Energy Storage


The U.S. and global market for energy storage continues to grow, in large part aligning with increased deployment of renewable energy facilities. Battery energy storage systems (BESS), which store the energy from solar arrays, wind farms, and more, are being used to help balance the power grid, and provide more reliability and resiliency, along with other ancillary services.Get more news about Battery Energy Storage,you can vist our website!


Colin Touhey, CEO of Pvilion, a developer of innovative fabric-based solar power equipment and whose customers include the U.S. Air Force, told POWER, “Energy storage will become ubiquitous as an integral part of the grid. This growth will continue and will only slow when all potential grid options are saturated.”


What has been touted as the “Energy Storage Decade” by industry analysts and others has lived up to that billing, despite hiccups caused by the coronavirus pandemic and associated supply chain issues. The global battery energy storage system market was expected to increase from $3.36 billion in 2021 to $4.34 billion in 2022, representing year-over-year growth of about 29%, according to a January 2023 report from Research and Markets, a global market research group. The report said growth in the sector is expected to top $11 billion in 2026—or total growth of another 150% in the next four years.


Energy storage, whether from batteries, pumped hydropower, thermal systems, or other technology, is benefiting from the move toward the electrification of transportation, along with an emphasis on electrification of the commercial and industrial, as well as residential, sectors.
Energy storage is the foundation from which all renewable-sourced decarbonization efforts must be built,” said Matt Clenchy, analyst with Orennia, a technology company that provides data and analytics on the energy transition for investors. “Renewable energy is intermittent … because of this, high levels of renewable penetration can threaten grid reliability, so grid operators rely on energy storage to shift energy to peak demand hours. For renewable energy to meaningfully displace baseload fossil fuel generation, it must be deployed alongside storage.”


Ryan Brown, CEO and co-founder of Canada’s Salient Energy, said, “The growth in energy storage will definitely continue. Energy storage is critical to integrating large amounts of wind and solar power into the grid.” Brown, whose company develops zinc-ion batteries for stationary energy storage, told POWER: “Governments have set aggressive targets for renewable penetration that will only be possible with significant investment in energy storage. I believe these targets will be taken seriously for two main reasons. First, the increasing occurrence of extreme weather is making climate change an increasingly important issue to everyday people. Second, Russia’s attempt to weaponize the EU’s [European Union’s] dependence on its natural gas has caused lawmakers to view the transition to renewable energy as critical to national security. So, the growth in energy storage will continue because it is driven by issues that are becoming increasingly important and urgent.”


“The demand for energy storage will continue to grow. According to the BloombergNEF 2H2022 Energy Storage Market Outlook forecast, energy storage installations are set to reach a cumulative 411 GW (or 1,194 GWh) of capacity at global level by the end of 2030,” said Matthew Towery, senior manager of Energy Storage at Enertis Applus+. “This is 15 times greater than the storage capacity that was online at the end of 2021 (27 GW or 56 GWh). The U.S. and China are set to remain the largest markets, representing over half of global storage installations worldwide by the end of the decade.”



Share

Add comment

Guests are not allowed to Add blog comments. Please sign in.

Comments

  • 14 May 2024 at 07:07
    The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention. 해외야구중계
  • 5 Apr 2024 at 17:55
    With the emergence of the online casino, people do not have to fly or drive to a faraway casino to play their favored games. Changing times and new innovations resulted in the growth and popularity of the internet casinos these days. Considering the present scenario, the online casino has developed as the most entertaining and enticing means to check out a number of popular casino games under one roof. 스포츠중계
  • 2 Apr 2024 at 06:26
    I asked fellow business owners in a Facebook group I belong to what they found wasteful in their business and throughout this piece you will hear their responses. 에볼루션카지노
  • 27 Mar 2024 at 05:20
    Isn’t it entertaining if we always talk about topics like that.~`’-* 카지노사이트
  • 12 Mar 2024 at 02:41
    Isn’t it entertaining if we always talk about topics like that.~`’-* 메이저놀이터
  • 2 Mar 2024 at 09:12
    Hiya, I am really glad I’ve found this information. Today bloggers publish just about gossip and internet stuff and this is actually irritating. A good website with exciting content, that’s what I need. Thank you for making this website, and I’ll be visiting again. Do you do newsletters? I Cant find it. สล็อต777
  • 28 Feb 2024 at 04:34
    The only way to address and correct this inequity, at least from a North American perspective (the Chinese have huge problems of their own), is to get people living within their means. We need to become less of a no-down-payment, no-interest, no payments until kingdom come culture to one that pays according to what it can afford, best made in cash or at least nearer to my grandfather’s idea of saving up for something you dearly want and don’t get it until you have earned and saved the money. สล็อตเว็บตรง
  • 27 Feb 2024 at 05:17
    I have been reading out many of your articles and i can claim pretty good stuff. I will make sure to bookmark your website. κατασκευη eshop
  • 27 Feb 2024 at 04:14
    The only way to address and correct this inequity, at least from a North American perspective (the Chinese have huge problems of their own), is to get people living within their means. We need to become less of a no-down-payment, no-interest, no payments until kingdom come culture to one that pays according to what it can afford, best made in cash or at least nearer to my grandfather’s idea of saving up for something you dearly want and don’t get it until you have earned and saved the money. προωθηση ιστοσελιδασ
  • 13 Feb 2024 at 04:43
    This is a great blog” and i want to visit this every day of the week .   κατασκευη ιστοσελιδασ
Pages: 1 2

Rate

Your rate: 0
Total: 1 (1 votes)