Smart Storage the Key factor of Energy Transition

Abstract

Abstract When it comes to evaluate the next-gen Energy Transition, it turns out there are so many new elements in the power grid that it’s hard to pick one as the k-factor. There is, however, one grid element that has been getting a great deal of next-gen interest: energy storage because it is the critical element for making wind and solar more grid friendly. Storage can be managed with smart characteristics (Digitally Smart EMS) able to solve problems of the grid, but to become profitable for investors, the local regulatory frame is to be considered. Today in the path to net zero emission, Storage is applied in the range of 1 to 4 h duration, but for the next step (to 70%, 100% RES) Energy Intensive Storage will become more relevant and LDES (Long Duration Energy Storage) will be necessary for the System. Because of this, we can say that Energy Storage System: digitally smart (for managing grid and revenues requirements), with proactive Regulatory frame (transparent for anticipating investment), with LDES option (Long Duration Energy Storage) technologically available – It can really be the key factor of Energy Transition and to drive the Net Zero agenda, see Fig.1.