Emerging Solutions and Innovations in the Storage Sector Focused on Supporting the Performance of the Grid
Grid-Scale energy storage solutions involve electrochemical storage such as batteries, supercapacitors, electromechanical storage solutions such as flywheels, compressed air energy storage and thermal energy storage solutions like molten salt and ice energy storage. These storage solutions are used to support grid stability and predominantly the integration of renewables to the grid. The study focuses on the different utility-scale applications that can be supported by energy storage solutions.
The study focuses on the recent innovations and product development aimed at improving the grid functionality. Each of the energy storage solutions has a different set of performance parameters that make them suitable for different applications. For instance, the ice energy storage is better suited for supporting grid through processes like demand response and behind the meter energy storage while the molten salt and other heat storage solutions are suited for direct grid support.
Storage solutions are very crucial in supporting renewable capacity building and energy shifting. They help meet the challenges faced due to the intermittent energy generation nature of renewable sources. Each of these applications is discussed in the study to give an overview of the importance of energy storage.
Table of Contents
1.2 Research Process and Methodology
1.3 Key Findings
2.2 Electrochemical Storage Second Only to Pumped Hydro Storage
2.3 Ice Energy Storage Emerging as a Crucial Thermal Storage Solution
2.4 Longer Operational Lifetime is a Key Feature Fly Wheel Energy Storage and Compressed Air Energy Storage
3.2 Faster Response Capabilities Enable Load Following and Regulation
3.3 Transmission Congestion Challenges can be Sorted Using Energy Storage
3.4 Capacity Firming is a Key Renewable-based Application of Energy Storage
4.2 Individual Cooling for Battery Units Makes More Efficient Solutions
4.3 Multiple Solutions to meet Individual End-user Needs
4.4 High Energy and High Power Solutions for Grid Scale Applications
4.5 Flow Batteries for Residential Applications
4.6 Titanium Electrode for Flow Batteries to Reduce Change in Electrode Composition with Usage
5.2 Highly Scalable Modular Ice energy Storage for Commercial Application Onsite Support
5.3 Thermal Storage Solution with Smaller Footprint for Commercial Storage
6.2 CAES Solution with No need for Fossil Fuel for Air Heating
6.3 CAES to Enable Wind Energy Generation in Texas
7.2 New Business Models Enabled by Grid Scale Storage