Energy storage holds much promise in unlocking the next phase of the energy transition and solving the intermittency challenge. The energy storage industry ranges from mature, well-established technologies such as lithium-ion batteries, to transformative technologies that fall earlier on the innovation and adoption curve. Different contexts demand different technological approaches. Some technologies are better suited to stand-alone energy storage projects, others to co-located projects (e.g. solar + storage) and still others may be more appropriate for “behind the meter” projects for industrial operations.
While one of the most critical jobs for energy storage is to address the variability of generation associated with wind and solar-powered electricity, this is not the only job. Energy storage and battery energy storage systems can provide other valuable…