As the share of renewables rises in energy grids around the globe, the inflows of energy to the grid become more variable, placing stress on localized systems, causing price volatility, and even threatening energy security. Keeping energy grids stable and reliable through the clean energy transition will require a monumental expansion of energy storage capacities and technological advances for novel energy storage methods.
“Increasingly competitive, renewables – especially solar PV and wind – are rapidly transforming power systems worldwide,” the International Energy Agency (IEA) recently reported. “As the share of variable renewable energy increases, policies ensuring investment in all forms of flexibility become crucial. Solutions include enhancing power plant flexibility, unlocking demand-side management, supporting energy storage and improving grid infrastructure,” the EIA went on to say.
As a result,…
