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Grid-scale Energy Storage in Europe—Lessons from Global Pilot Projects

  • January 2014
  • -
  • Frost & Sullivan
  • -
  • 40 pages

Summary

Table of Contents

Supportive Legislations and Initiatives Provide Clarity to Promote Implementation

Renewable energy sources are environmentally friendly and globally promoted. Due to their intermittent nature, however, renewable energy sources cannot be utilised as and when needed. Hence, an energy storage system becomes crucial to fully utilise renewable power. An energy storage facility acts as a buffer during peak demand; further, it improves grid stability through regulations and renewable integration. The long-term goal of effective, smart grid deployment is possible only through efficient utilisation of energy storage, which is analysed and explained in this deliverable.

CEO’s Perspective

1. Energy storage is inevitable for effective smart-city implementation. Hence, energy storage deployment is essential.
2. The process of implementing energy storage in the United States has given more clarity to the participants; this needs to be implemented in Europe.
3. Energy storage has technical, economic, and customer-centric advantages that promote its need.
4. Energy storage is still emerging as a market, but it is positioned to be well established after 2020. First-mover advantage is prominent in the short term.
5. Despite the availability of different technologies, battery energy storage systems are likely to witness significant growth soon.

The Last Word—3 Big Predictions

1. Energy storage in Europe is possible through supportive and favourable regulations, funding, and initiatives that provide clarity to participants.
2. Contribution from BESS is expected to promote grid-scale energy storage, as it is easier to implement at smaller capacities.
3. Without efficient energy storage deployment, renewable-energy integration and smart-grid implementation in Europe are impossible.

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