Distribution And Storage

Distribution and Storage

Energy storage is and essential tool for effectively integrating renewable energy and unraveling the benefits offered by local generation as well as a clean and resilient supply of energy. The development of advance energy storage systems is currently restricted to only the developed economies such as the U.S. Energy storage systems remain expensive despite falling costs and it is difficult to accumulate the investment without support from the government or any regulatory body.

According to the International Energy Agency, the developing economies such as India, and China are expected to double their electrical power output by 2020 to in order to meet the increasing demand. Further, by 2035, these countries are expected account for over 80% of both energy production and consumption.

According to the China Energy Storage Alliance, the country had more than 24 gigawatts of operational energy storage capacity, which marked an increase of over 4.5% from the previous year. Pumped hydro accounts for the majority of the capacity storage in China. Based on applications, renewable grid integrations accounted for the major capacity growth in 2016, accounting for more than 60% of the total capacity. Distributed energy and grid integration and renewable energy grid integration accounted for the fastest growth in 2016. Based on technologies, lithium ion batteries captured majority of the market.