Speeding a path to net zero emissions with battery energy storageN. Mughees | May 25, 2023
To achieve net-zero emissions, the amount of greenhouse gases released into the atmosphere must be equal to the amount that is removed. Examples of net-zero energy sources include solar and wind power, which continually regenerate themselves and release no hazardous gases or pollutants in the process of generating electricity.
One of the most important technologies that will help reduce reliance on fossil fuels in the power sector is energy storage. Battery energy storage solutions are gaining attention from utilities, consumers, grid operators and regulators. A more robust and flexible power system that can better manage unanticipated outages and incorporate more dispersed renewable energy resources are two of the main reasons why storage is becoming increasingly popular.
What are battery energy storage systems?
Energy from sources like solar panels and wind turbines may be stored in batteries and then delivered to the grid at peak demand times. This is what battery storage, or battery energy storage systems (BESS), are all about. As of right now, lithium-ion batteries, like those used in mobile phones and electric vehicles, are the most popular choice for large-scale facilities to help electrical networks maintain a steady supply of renewable energy. Algorithms within the intelligent battery software coordinate energy production, and electronic control systems choose whether or not to store the energy for later use as reserves or feed it back into the grid. During periods of high demand, the BESS releases energy to keep prices down and the power on.
Costs for storage systems are expected to drop, making them more attractive for use in both utility-scale and commercial/industrial settings. This will allow more businesses to include storage systems in their energy strategies. When combined with local generating methods, such as solar photovoltaic systems, BESS ensure reliability in terms of supply, price and carbon emissions. Industries may speed up their decarbonization journey and gain control over their energy expenses, particularly during peak pricing times, with the aid of sustainable systems like solar and storage.
[See also: How microgrids can facilitate net zero carbon emissions]
How are BESS facilitating the transition to net zero?
Battery storage technology plays a crucial role in ensuring that buildings can continue to use renewable sources of energy even when the sun isn't shining, and the wind stops blowing. The move toward net zero is aided by BESS since they are able to:
- Assist with grid stability
- Increase the use of alternative power sources
- Stabilize renewable sources of power like solar and wind
Market forces shaping the battery storage industry
- Efforts to modernize the grid. Developments in grid modernization, such as the adoption of smart grids, coincide with the expansion of battery storage. Smart technologies can't reach their full potential without batteries, and vice versa.
- Enhanced efficiency and reduced costs. Due in large part to the growing demand for electric vehicles and the resulting economies of scale in battery production, the price of batteries such as lithium-ion has dropped while their performance has risen.
- Facilitating the move toward net zero. BESS are becoming increasingly popular due to widespread support for renewable energy and the need to reduce emissions. Business and government organizations are particularly in their usage.
- Use of the wholesale power market. Regardless of the source of electricity, battery storage can aid in grid stability and power quality improvements. Almost every country is changing the framework of its wholesale energy market to make room for capacity and ancillary services provided by batteries.
- Motivating factors based on money. More and more governments worldwide are offering subsidies to encourage the storage industry. This demonstrates how legislators are becoming increasingly cognizant of the numerous advantages battery storage may provide along the power value chain.
- Reductions in the use of net metering or feed-in-tariffs. Behind-the-meter battery deployments are on the rise as a result of the elimination of feed-in-tariffs or net metering payments in some countries, as consumers seek to maximize the value of their rooftop solar systems.
- Policy on a national scale. In order to meet their environmental and de-carbonization goals and lessen their reliance on foreign energy supplies, many nations are investing in renewable energy storage systems.
- Wish to be independent of others. The acquisition of a storage system is not driven solely by monetary considerations. Ecological considerations, utility independence, a desire for resilience, and a need for technical knowledge are all factors that may influence such decisions.
[Browse suppliers of different battery technologies on GlobalSpec]
The decarbonization of the energy industry relies heavily on battery technology, which provides firming for renewable sources like solar and wind, as well as important grid stability services. As businesses all around the world achieve their net-zero goals, there will be an ever-increasing demand for energy storage and grid-supportive services. When it comes to deploying new forms of storage, utilities and property owners are at the forefront. To realize storage's full technical potential, researchers and businesses need to keep looking for and sharing new uses for the service.