Prospects for the development of temporary power storage

How energy storage technology is advancing industrial development?

Due to rapid development of energy storage technology, the research and demonstration of energy storage are expanding from small-scale towards large-scale. This expansion is supported by policies proposed by the United States, Japan, and the European Union, which aim to promote and support industrial development.

What are the challenges of large-scale energy storage application in power systems?

The main challenges of large-scale energy storage application in power systems are presented from the aspect of technical and economic considerations. Meanwhile, the development prospect of the global energy storage market is forecasted, and the application prospect of energy storage is analyzed.

What supports the prospect of energy storage application?

With the development of smart grid, supported by investment and government policies, the prospect of energy storage application are gradually emerging [1 – 5]. It is characterized with the development and utilization of large-scale renewable energy.

Can energy storage technologies be used in power systems?

The application scenarios of energy storage technologies are reviewed and investigated, and global and Chinese potential markets for energy storage applications are described. The challenges of large-scale energy storage application in power systems are presented from the aspect of technical and economic considerations.

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.

How to develop and expand energy storage technology?

To develop and expand energy storage technology, improvement in storage characteristics, operational control and management strategy is necessary. Additionally, cost reduction and long-term, positive stable market and policy support are crucial for the healthy development of the energy storage industry.