Energy storage technologies need to scale-up significantly to integrate variable renewables in the grid and curb greenhouse gas emissions from power generation. To meet the climate targets, the energy storage market is continuing to evolve where we are starting to see cost-effective long duration storage solutions to enable the clean energy transition towards renewables. In this webinar, we explored some groundbreaking Thermal Energy Storage (TES) technologies that could be one of the cost-effective solutions to move away from fossil fuels and transform intermittent to controllable clean energy.
Since they have the capability to store large amounts of energy at a relatively low cost, TES technologies enable operators to shift load from hours of low demand and high renewable output to hours of high demand and low renewable output. This maximizes the amount of renewable energy in the mix, keeps curtailment to a minimum and reduces the need for fossil back up.
The Energy Storage Partnership (ESP) held the first webinar under the “ESP Technology Webinar Series” on thermal energy storage hosted by the Energy Storage Partnership (ESP). The ESP is a global partnership convened by the World Bank Group to adapt and develop energy storage solutions for developing countries and is hosted at the World Bank’s Energy Sector Management Assistance Program.
In this online session, participants:
- Explored how thermal storage technologies can play a key role in the energy transition whilst making energy systems more resilient.
- Learned about the pros and cons of different types of thermal energy storage technologies, including aluminum alloy, liquid metal and molten salt.
- Learned about practical examples of the application of these technologies in different markets.
Contact: Chong Suk Song.