This developing technology is changing the Renewable Energy landscape. So, let’s get back to basics. What is battery storage? And what does it mean for the Renewable Energy industry?
What is battery storage?
When it comes to renewable energy sources, things like wind and solar are abundant and clean, but it isn’t the most consistent. The sun isn’t always shining, and the wind isn’t always blowing, which causes a gap between energy production and demand.
Enter battery storage, a game-changing technology that holds the key to unlocking the full potential of renewables. It allows the energy to be stored and used to store power for renewable sources. In this blog, we'll explore the vital role battery storage plays in revolutionizing the renewable energy landscape.
How can it help?
Battery storage systems offer a solution by storing excess energy when supply of renewable energy is low, or demand is high. The ability to store energy enables a more reliable and flexible grid, reducing the need for traditional fossil fuel-based power to be used as a backup energy source.
Currently, only 3% of energy capacity is being stored globally. By 2050, this figure will need to triple to meet NetZero targets. Energy storage is projected to reach a record high in 2024, and so turning our attention to this emerging sector is just what we need to move the world towards a sustainable future.
As well as storing power from renewable sources, batteries also improve the resilience of the electricity system. By storing energy from renewable sources, the electricity system operates more efficiently, reducing the risk of blackouts.
Technologies and methods of storage are still being developed to make them more cost effective and widely manufactured.
New developments
Recent advancements in battery technology, particularly in lithium-ion batteries, have significantly improved energy density, cycle life, and cost-effectiveness of this technology. Additionally, innovations in smart grid technologies, such as advanced control systems and predictive analytics, have enhanced the efficiency and performance of battery storage systems, making them an increasingly attractive option for utilities and energy providers.
Conclusion
The future of battery storage in renewable energy looks promising, with continued advancements expected to drive down costs, improve performance, and increase scalability. As renewable energy deployment continues to soar worldwide, battery storage will play an increasingly vital role in enabling the transition to a low-carbon energy future.
By harnessing the power of battery storage, we can pave the way towards a greener, more sustainable future.
