Although every electrical grid begins with the production of electricity, there are times when storing this power in some form instead of using it immediately is highly convenient. Today’s battery-powered gadgets are an obvious example of such time-shifting, but energy storage plays a major role on the grid itself, too, whether in electrochemical, mechanical or in some other form.
Utility-level energy storage is essential for not only stabilizing the grid, but also to time-shift excess energy and provide a way to deal with sudden spikes in demand (peak-shaving) plus demand drops by absorbing the excess energy. The health of the grid can essentially be regarded as a function of its alternating current (AC) frequency, with strong deviations potentially leading to a collapse of the grid.
Naturally, such energy storage is not free, and the benefits of adding it to the grid…