Proposes an optimal scheduling model built on functions on power and heat flows. Energy Storage Technology is one of the major components of renewable energy integration and decarbonization of world energy systems. It significantly benefits addressing ancillary power services, power quality stability, and power supply reliability.
In January 2022, the National Development and Reform Commission and the National Energy Administration jointly issued the Implementation Plan for the Development of New Energy Storage during the 14th Five-Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system.
The Committee’s report on long-duration energy storage concludes that the Government must act fast to ensure that energy storage technologies can scale up in time to play a vital role in decarbonising the electricity system and ensuring energy security by 2035. Long-duration energy storage can reduce curtailment of renewables and grid congestion.
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.
Investing in research and development for better energy storage technologies is essential to reduce our reliance on fossil fuels, reduce emissions, and create a more resilient energy system. Energy storage technologies will be crucial in building a safe energy future if the correct investments are made.
A strategic reserve of electricity storage is a critical investment to secure the UK’s energy supply against future shocks, but the Government is still equivocating over whether it is necessary to invest in one. Since 2023, the Government has had a Department for Energy Security and Net Zero.