Grid-side benefits of energy storage

Why is energy storage important to the grid?

These storage systems have provided a wide range of services to the grid including load balancing, load following, reserve generation, and frequency and voltage support. With increased penetration of variable generation like solar and wind, there will be higher demand for such services, therefore energy storage will become critical to the grid.

What are the benefits of grid-level energy storage?

The benefits of grid-level energy storage, as described above, cover a wide gamut of services—energy time-shift, ancillary services, making renewable energy dispatchable, deferring transmission and distribution upgrades, and others.

What drives grid-level energy storage?

The drivers for grid-level energy storage are rapidly decreasing cost of energy storage, and the multitude of benefits provided by energy storage to the grid in general and to grids with high penetration of renewable energy in particular. The rapid decrease in cost is primarily driven by rapid innovation and scale in the electric vehicle market.

What is a smart grid?

Smart grids are the ultimate goal of power system development. With access to a high proportion of renewable energy, energy storage systems, with their energy transfer capacity, have become a key part of the smart grid construction process.

What are the benefits of energy storage system?

Some studies have planned with the goal of achieving the best social benefits brought by a specific purpose of the energy storage system, such as the goal of maximizing the emission reduction effect of the power grid after the construction of the energy storage system.

How can AI improve energy storage in a smart grid?

In an energy storage-enabled smart grid, in the planning phase, AI can optimize energy storage configurations and develop appropriate selection schemes, thereby enhancing the system inertia and power quality and reducing construction costs.