*Outlines necessary steps for progress in energy storage
Lagos — The World Energy Council has published its latest Insights Brief: “Five Steps to Energy Storage,” outlining the actions necessary to enabling progress in the deployment of energy storage. The Brief contains exclusive insights based on interviews with global energy leaders and was developed in collaboration with the California Independent System Operator (CAISO) – World Energy Council’s partner.
The Insights Brief contains exclusive information on the current state-of-play of energy storage and showcases 10 case studies focused on the latest technologies being deployed across varied geographies, providing actionable insights based on lessons learned and concrete examples of new developments in the energy storage space.
The Brief shows that, whilst there is plenty of visionary thinking, recent progress has focused on short-duration and battery-based energy storage for efficiency gains and ancillary services. There is limited progress in developing daily, weekly and even seasonal cost-effective solutions which are indispensable for a global reliance on intermittent renewable energy sources.
In response, the Brief includes a five-step approach to enabling energy storage and truly capturing its potential as a flexibility tool. Working with its global network, the World Energy Council will convene interactive workshops to further test and accelerate the adoption of this approach.
Dr Angela Wilkinson, Secretary General & CEO of the World Energy Council said: “Energy storage is a gamechanger and this innovation brief highlights we need new and different storage pathways to enable better lives and a healthy planet. It is time to look beyond battery technology innovation and enable new policies on storage and its roles as an energy resource, an enabler of whole systems reliability and accelerator the global energy transition.”
Steve Berberich, Chief Executive Officer, CAISO said: “The Energy Storage Brief is an enormously powerful outline of the value of storage and the regulatory and market opportunities that need to exist for it to truly flourish. All forms of storage will play a critical role in reliably operating a decarbonized grid.”