Enterprise electric energy storage

How can energy storage help the electric grid?

Three distinct yet interlinked dimensions can illustrate energy storage’s expanding role in the current and future electric grid—renewable energy integration, grid optimization, and electrification and decentralization support.

What are high-value opportunities for energy storage?

A recent EPRI study identified a number of high-value opportunities for energy storage, including wholesale energy services, integration of renewables, commercial and industrial power quality and reliability, transportable systems for transmission and distribution grid support and energy management (1).

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.

What are the advantages of electrochemical energy storage?

In general, electrochemical energy storage possesses a number of desirable features, including pollution-free operation, high round-trip efficiency, flexible power and energy characteristics to meet different grid functions, long cycle life, and low maintenance.

What is a stationary battery energy storage (BES) facility?

A stationary Battery Energy Storage (BES) facility consists of the battery itself, a Power Conversion System (PCS) to convert alternating current (AC) to direct current (DC), as necessary, and the “balance of plant” (BOP, not pictured) necessary to support and operate the system. The lithium-ion BES depicted in Error!

What drives energy storage growth?

Energy storage growth is generally driven by economics, incentives, and versatility. The third driver—versatility—is reflected in energy storage’s growing variety of roles across the electric grid (figure 1).