Efficient energy storage systems – the backbone of the energy transition
In order to meet climate goals, the world is accelerating the expansion of CO2-neutral, renewable energies and driving decarbonization of the economy and society. This development is changing everything about how we as humans generate, transmit and consume energy. The characteristics of renewables require us to rethink the question of energy supply: First, the energy generated from renewables fluctuates depending on the weather and the season. Second, solar and wind energy generation necessitate increasingly decentralized power grids, which have to intelligently integrate a wide range of energy producers, ranging from large-scale off-shore wind farms to small solar installations at residential buildings. This is why a digitalized, high-performance energy infrastructure that can deal with the special characteristics of solar and wind is a prerequisite for the successful shift toward renewables. The need for such an infrastructure makes modern and efficient energy storage systems more relevant than ever. These storage systems help compensate for fluctuations, keep power grids in balance and avoid unnecessary energy waste. In 2030, market experts expect annual energy storage installations to reach a capacity of more than 30 GW worldwide.