The World Energy Council’s latest Innovation Insights Brief:
FIVE STEPS TO ENERGY STORAGE
[Ulaanbaatar, Mongolia, 23 January 2020]
The World Energy Council launched the Innovation Insights Brief: “Five Steps to Energy Storage”. The brief contains exclusive insights based on a series of interviews with the key global leaders across the energy sector and was developed in collaboration with our partner the California Independent System Operator (CAISO).
The Insights Brief contains exclusive information on the state of play of energy storage and showcases 10 case studies focused on a wide range of technologies and geographies. These provide concrete examples of new developments in the energy storage space as well as useful and practical lessons learned.
The key message: whilst there is plenty of visionary thinking, recent progress has focused on short-duration and battery-based energy storage for efficiency gains and ancillary services. There is limited progress in developing daily, weekly and even seasonal cost-effective solutions which are indispensable for a global reliance on intermittent renewable energy sources.
In response, the World Energy Council developed a five-step approach to enable energy storage and truly capture its potential as a flexibility tool. Working with its global network, the Council will convene interactive workshops globally to further test and push for the adoption of this approach.
Steve Berberich, Chief Executive Officer, CAISO said: “The Energy Storage Brief is an enormously powerful outline of the value of storage and the regulatory and market opportunities that need to exist for it to truly flourish. All forms of storage will play a critical role in reliably operating a decarbonized grid.”
Dr Angela Wilkinson, Secretary General of the Council said: “Energy storage is a gamechanger and this innovation brief highlights we need new and different storage pathways to enable better lives and a healthy planet. It is time to look beyond battery technology innovation and enable new policies on storage and its roles as an energy resource, an enabler of whole systems reliability and accelerator the global energy transition.”