Energy storage hotspots

Are emerging markets a hotspot for energy storage?

Energy storage projects exist and thrive in several geographies, but a number of emerging market countries have the resource potential to be among the most active participants in energy storage today. We expect that select emerging markets will be hotspots of storage activity over the next five to fifteen years.

What is energy storage?

Energy storage is an idea that dates back over two thousand years. Engineers, investors, and politicians are increasingly researching energy storage solutions in response to growing concerns about fossil fuels' environmental effects as well as the capacity and reliability of global power systems.

Why is large-scale energy storage technology important?

Governments and private energy institutions globally have been working on energy storage technologies for a long time [10, 11]. The U.S. has positioned large-scale energy storage technology as an important supporting technology to revitalize the economy, realize the New Deal for energy, and ensure national energy and resource security.

What are the challenges in the application of energy storage technology?

There are still many challenges in the application of energy storage technology, which have been mentioned above. In this part, the challenges are classified into four main points. First, battery energy storage system as a complete electrical equipment product is not mature and not standardised yet.

How are energy storage research centers obtained?

The research centers on the field of energy storage are obtained through the analysis of the co-citation network and co-occurrence network. In Section 3, different types of energy storage are introduced in terms of development history, working principle, key materials, technical specifications, applications, and future development.

Can energy storage technologies help drive development in emerging economies?

Energy storage technologies hold significant potential to help drive development in emerging economies by improving the quality of the electricity supply and facilitating the effective integration of renewable energy.