Is energy storage filing meaningful

What is the future of energy storage?

Storage enables electricity systems to remain in balance despite variations in wind and solar availability, allowing for cost-effective deep decarbonization while maintaining reliability. The Future of Energy Storage report is an essential analysis of this key component in decarbonizing our energy infrastructure and combating climate change.

Why is energy storage important?

Energy storage is a potential substitute for, or complement to, almost every aspect of a power system, including generation, transmission, and demand flexibility. Storage should be co-optimized with clean generation, transmission systems, and strategies to reward consumers for making their electricity use more flexible.

Why is energy storage important in a decarbonized energy system?

In deeply decarbonized energy systems utilizing high penetrations of variable renewable energy (VRE), energy storage is needed to keep the lights on and the electricity flowing when the sun isn’t shining and the wind isn’t blowing — when generation from these VRE resources is low or demand is high.

What is energy storage?

Summary Energy storage is an enabling technology for rapid acceleration in renewable energy deployments. It enables flexibility to ensure reliable service to customers when generation fluctuates, whether over momentary periods through frequency regulation or over hours, by capturing renewable generation for use during periods of peak demand.

Are energy storage technologies scalable?

Scalability: Most energy storage technologies are modular, which allows them to be scaled down to a small device that supports the demands of a single customer or scaled up to a large project that supports the demands of thousands of customers.

Why do we need a co-optimized energy storage system?

The need to co-optimize storage with other elements of the electricity system, coupled with uncertain climate change impacts on demand and supply, necessitate advances in analytical tools to reliably and efficiently plan, operate, and regulate power systems of the future.