Versatility and accessibility of energy storage

 

A hallmark of energy storage is its versatility.
With Modular Installations: energy storage technologies can be implemented at multiple scales: from a few kW for residential installations, to hundreds of MW for large-scale projects.

Also, configurations are flexible: in addition to stand-alone situations, storage can be deployed at customer loading sites or in the same location as generation, often resulting in a “hybrid” installation.

Energy storage also offers a wide range of different services to the electricity grid, from congestion management to
regulating standby and backup power.

Accessibility is also one of the reasons for the growing interest in energy storage, an example of this, for example, can be seen in the cost of lithium-ion batteries, which is currently an effective technology for storing energy. , where its costs have plummeted by 90% in the last decade, as reported by Bloomberg NEF, including another 6% in the last year.

Bloomberg reports exponential growth in energy storage investment in many world regions, going from zero in 2004 to $0.7 billion in 2014, and reaching, according to projections, $3.6 billion in 2023.

Lubio Lenin Cardozo, installation engineer of photovoltaic systems