Energy Rising Stars: How Energy Storage Technologies Are Changing Our Lives

02-04-2024

Have you ever wondered why your mobile phone remains charged when the power goes out at home?


Have you ever wondered why electric cars can last hundreds of kilometres?


The answers all point to the same technology: energy storage.


Energy storage, as the name suggests, is the storage of energy so that it can be used when needed. It is like the "energy bank" of our life, providing indispensable power support for our daily life.


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Application Scenarios of Energy Storage Technology


Energy storage technology is like a multi-faceted, can be applied to a variety of fields:


Power system: energy storage can be used for peak shifting, frequency regulation, backup power, etc., to improve the stability and security of the power grid.

Renewable energy: energy storage can be used to solve the intermittent problem of renewable energy generation and improve the utilisation rate of renewable energy.

Microgrid: Energy storage can be used for off-grid operation of microgrid to improve the reliability and security of microgrid.

Electric vehicles: energy storage can be used in the power battery of electric vehicles to improve the range of electric vehicles.


Types of energy storage technology


According to the different energy storage media, energy storage technology can be divided into the following types:


Electrochemical energy storage: electrochemical energy storage is currently the most mature energy storage technology, including lithium-ion batteries, lead-acid batteries, sodium-ion batteries and so on.

Physical energy storage: Physical energy storage includes pumped storage, compressed air energy storage, flywheel energy storage and so on.

Chemical energy storage: chemical energy storage including hydrogen, fuel cells, etc.


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Development trend of energy storage industry


In recent years, with the acceleration of the global energy transition, the energy storage industry has ushered in a period of rapid development. According to the forecast of International Renewable Energy Agency (IRENA), the global installed capacity of energy storage will reach 1.2 TW by 2030.


The development trend of the energy storage industry mainly includes:


Continuous progress of energy storage technology: Continuous progress of energy storage technology will drive down the cost of energy storage and improve the efficiency and safety of energy storage system.

Continuous expansion of energy storage application scenarios: the application scenarios of energy storage technology will continue to expand, expanding from the power system to renewable energy, microgrids, electric vehicles and other fields.

Support of energy storage policy: governments will introduce more policies to support the development of the energy storage industry.


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The future of energy storage technology


Energy storage technology is an important part of the future energy system, which will contribute significantly to building a cleaner, safer and more sustainable energy future.


Here are some fun facts related to the energy storage industry:


The world's largest pumped storage power plant is located in China, with an installed capacity of 30 million kilowatts.

Tesla's Megapack battery storage system can power 1,000 homes for 24 hours.

Energy storage technology can help reduce carbon emissions and contribute to the global fight against climate change.


We hope this article has helped you understand the magic of energy storage and become interested in this dynamic industry!


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