Energy storage development related forum

What happened at the energy storage Partnership Forum 2021?

The Energy Storage Partnership (ESP) held its 6th Forum December 7-9, 2021. The forum gathered more than 200 stakeholders and partners from the private sector, World Bank client country representatives, and ESP Partners to learn about ESP’s recent achievements, ongoing work, and on what’s to come.

What is the future of energy storage?

Storage enables electricity systems to remain in balance despite variations in wind and solar availability, allowing for cost-effective deep decarbonization while maintaining reliability. The Future of Energy Storage report is an essential analysis of this key component in decarbonizing our energy infrastructure and combating climate change.

Are energy storage developers vying for lithium?

The demand for storage continues to accelerate throughout the West Coast and other markets as utility-scale RFPs increasingly look for both co-located ad standalone projects. However, energy storage developers are vying for lithium at a time when EV adoption is increasing and competing with demand.

Why is energy storage important?

Energy storage is a potential substitute for, or complement to, almost every aspect of a power system, including generation, transmission, and demand flexibility. Storage should be co-optimized with clean generation, transmission systems, and strategies to reward consumers for making their electricity use more flexible.

Why do we need a co-optimized energy storage system?

The need to co-optimize storage with other elements of the electricity system, coupled with uncertain climate change impacts on demand and supply, necessitate advances in analytical tools to reliably and efficiently plan, operate, and regulate power systems of the future.

Why is energy storage important in a decarbonized energy system?

In deeply decarbonized energy systems utilizing high penetrations of variable renewable energy (VRE), energy storage is needed to keep the lights on and the electricity flowing when the sun isn’t shining and the wind isn’t blowing — when generation from these VRE resources is low or demand is high.