Energy Storage Of Renewable Energy Generation - 1423 Words

UTILIZING ENERGY STORAGE TO INCREASE THE PROLIFERATION OF RENEWABLE ENERGY GENERATION AND SOLVE INTERMITTENCY WHILE STABILIZNG THE GRID Brandon Oldham | Vermont Law School | Fall 2015 Energy Policy in a Carbon Constrained World | Michael Dworkin The energy storage field is ripe for investment and investments now can not only lead to financial returns in the future, but doing so can help usher in an industry that may just be able to put the energy sector on a path towards zero carbon emissions while improving grid reliability and security. Think about the boom of the plastics industry following the electrification of the United States, which coincided with the boom of the oil industry. Now fast-forward to today with discussions surrounding microgrid electrification aided in part by the acceleration of solar pho- tovoltaic (PV) and wind turbine renewable energy installations. In terms of rapid growth and in- vestment opportunity, the storage industry today is analogous to the plastics industry of the 1930s. Storage is a field that is born from the coinciding boom of a new type of energy generation (renewable) and a new system for electrification (microgrids). Energy storage, in combination with innovative real time dynamic pricing and renewable electricity generation, can be utilized to mitigate grid power disruptions, inefficiencies inherent in the current supply and demand of electricity to and from the grid, and limit the waste of elec- tricity generated from renewableShow MoreRelatedEssay On Hybrid Thermal Compressed Air Energy Storage849 Words   |  4 Pagesincreasing interest in the adoption of renewable energy sources. However, the integration of renewable sources in our existing infrastructure is challenging, as renewable generation is unstable and intermittent by nature. Energy storage compensates for the inherent intermittency of renewable energy sources, by storing energy during surplus power production periods and discharging the stored energy during low production periods. Compressed Air Energy Storage has received much attention as a viableRead MoreHybrid Thermal Compressed Air Energy Storage Essay836 Words   |  4 Page sto increased interest in the adoption of renewable energy sources. However, the integration of renewable sources in our existing infrastructure is challenging, as renewable generation is unstable and intermittent by nature. Energy storage compensates for the inherent intermittency of renewable energy sources, by storing energy during surplus power production periods and discharging the stored energy during low production periods. 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However, it possesses a variety ofRead MoreWhy Wind Energy Is Important?1471 Words   |  6 Pages†¢ Introduction....................................................p.1 †¢ Why Wind energy is important? ...........................p.1 †¢ Installed capacity of renewable energy in India..........p.2 †¢ Advantages.....................................................p.3 †¢ Economy of one wind farm..................................p.4 †¢ Government contribution....................................p.4 †¢ Challenges............................................................p.5 †¢ Suggestion for Improvement