It is currently forecasted that global energy storage installations will increase exponentially to 1,095GW/2,850GWh by 2040 – and this prediction excludes pumped hydro. This level of deployment will require hundreds of billions of dollars of investment. However, the storage sector faces a number of challenges, including fully valuing the system benefits that the technologies can provide, revenue stacking business models and merchant / cannibalisation risks. So how can we achieve the energy storage revolution?

Summary of our discussion on Energy Storage

Over half of attendees felt that the most important factor driving the increased interest in energy storage was the aim of facilitating a 100% renewable future. Our session discussed how this could be achieved by exploring:
– Which countries and jurisdictions are the most progressive, and how we can learn from them
– Where the current opportunities can be found
– Energy storage solutions in developing countries
– The future trends and diversification of technology
– Obstacles to mass deployment that must be overcome

Speakers:

Louise Dalton, Partner, CMS
Jason Goodhand, Global Business Leader – Energy Storage, DNV GL
Marek Kubik, Market Director, Fluence Energy
Adrien Lebrun, Engineering Director, Pivot Power

View all Energy Transition Series episodes.

For details of the original event, follow this link.