Thank you for Subscribing to Utilities Business Review Weekly Brief
Utilities Business Review | Wednesday, March 23, 2022
As utilities operate to decarbonize the grid, long-duration energy storage can support them in easily integrating rising volumes of renewable energy.
Fremont, CA: As the trade for energy storage grows and diversifies, LDES innovations will flourish. Their complementary worth and ability to supply many use cases when paired with renewables are obvious. The employment of clean, earth-abundant raw materials (like iron, salt, and water) and easily available, domestically sourced industrial components improves the innate safety and sustainability of the products. Higher manufacturing quantities will result in significant cost reductions, all of which will direct global deployment on a massive scale. Analysts in the sector emerge to agree on this point.
As progress is made toward decarbonizing the electricity grid, long-duration storage can aid utilities in integrating increasing volumes of renewables. Some of the strong LDES utility application cases include:
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Solar and wind energy with time shifting
LDES can save excess renewable energy generation and move it to times when its economic and resiliency worth is higher. Additionally, storage aids in preventing curtailments from maximizing the benefits of renewable energy assets.
Smoothing intermittent renewables
LDES's fast-response capabilities enable it to react instantly to changes in the renewable generating output by providing infinite charge-discharge capacity and a fast charge-discharge rate.
Increasing or replacing emissions-intensive peaker facilities
Peaker plants powered by fossil fuels are the generators utilities activate when grid energy demand is at its peak. LDES can offer a reliable power source from intermittent renewables with sufficient duration, capacity, and cyclic flexibility to assist utilities in avoiding the usage of polluting peaker plants.
Facilitating market participation
LDES can provide spinning reserves and even energy capacity as markets shift. LDES is also a versatile asset capable of providing frequency regulation and other auxiliary services. Grid operator PJM's "10-hour rule" requires duration-limited non-generation resources, such as batteries, to deliver claimed capacity for up to 10 consecutive hours. Commercially accessible long-duration storage can meet this requirement.
Microgrid stabilization and virtual power plant support
LDES improves the dependability and adaptability of distributed energy resources, decreasing or eliminating the need for diesel-powered backup generators.
More in News