Prospects for energy storage software development

Why do we need a large-scale energy storage system?

As renewable energy capacity continues to surge, the volatility and intermittency of its generation poses a mismatch between supply and demand when aligned with the fluctuating user load. Consequently, there’s a pressing need for the development of large-scale, high-efficiency, rapid-response, long-duration energy storage system.

Is energy storage a new technology?

Energy storage is not a new technology. The earliest gravity-based pumped storage system was developed in Switzerland in 1907 and has since been widely applied globally. However, from an industry perspective, energy storage is still in its early stages of development.

Why should we study energy storage technology?

It enhances our understanding, from a macro perspective, of the development and evolution patterns of different specific energy storage technologies, predicts potential technological breakthroughs and innovations in the future, and provides more comprehensive and detailed basis for stakeholders in their technological innovation strategies.

Are energy storage technologies passed down in a single lineage?

Most technologies are not passed down in a single lineage. The development of energy storage technology (EST) has become an important guarantee for solving the volatility of renewable energy (RE) generation and promoting the transformation of the power system.

Will energy storage be stable in the future?

This may mean that electrochemical energy storage will enter a relatively stable period in the future, while thermal energy storage and electromagnetic energy storage will enter a period of rapid development.

Why is energy storage important?

With the large-scale generation of RE, energy storage technologies have become increasingly important. Any energy storage deployed in the five subsystems of the power system (generation, transmission, substations, distribution, and consumption) can help balance the supply and demand of electricity .