Category: Energy Storage
Energy generation and consumption are changing rapidly around the globe. As renewable generation merges with energy storage technologies, new power architectures must be applied. This whitepaper will provide an over view of the challenges associated with installed energy storage systems and the associated pitfalls integrators face while responding to the growing need for storage. This paper also proposes power architectures which best align with the energy needs, demands, and markets of the future.
Aging grid infrastructure, fossil burning generation assets and the need to serve growing demands all contribute to rising energy costs. The world is responding to these challenges by adopting clean energy at an alarming rate and setting futuristic 100% renewable generation mandates.
The electric grid of the past is being challenged with handling renewable and distributed generation technology of the future and as it stands today is fundamentally unprepared to do so. There have been many examples globally which have already demonstrated this phenomenon as early at 2013. The traditional electric power grid becomes unstable as the renewable component rises to approximately 20% as compared to that grids generation capability. The element of time must be added to what was once a real time equation.
The energy storage industry is responding by installing Giga watts of energy storage around the world. While integrators are searching for the lowest possible cost storage solutions, they struggle with the bigger picture of installing energy storage systems which includes trade offs starting with customer acquisition continuing through ongoing maintenance and support after commissioning and everything in between. The up front equipment cost becomes just one factor in achieving the lowest possible cost of an installed energy storage system and a sustainable business model.
Greg Tremelling– Vice President of Business Development, Oztek