Energy storage is a potential substitute for, or complement to, almost every aspect of a power system, including generation, transmission, and demand flexibility. Storage should be co-optimized with clean generation, transmission systems, and strategies to reward consumers for making their electricity use more flexible.
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This paper—from our Center for Energy Solutions—addresses these and other key drivers that are transforming the global energy storage market, as well as challenges to overcome. Save
Energy storage is key to secure constant renewable energy supply to power systems – even when the sun does not shine, and the wind does not blow. Energy storage provides a solution to achieve flexibility, enhance
Global investment in battery energy storage exceeded USD 20 billion in 2022, predominantly in grid-scale deployment, which represented more than 65% of total spending in 2022. After solid growth in 2022, battery energy storage
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