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What is the future of energy storage study?

The Future of Energy Storage study is the ninth in MITEI’s “Future of” series, which aims to shed light on a range of complex and important issues involving energy and the environment.

Do utilities need storage if they add renewables?

“Most utilities are definitely recognizing that if they’re adding renewables, they have to add storage,” said Vanessa Witte, a senior analyst at the energy data and analytics firm Wood Mackenzie. After decades of development, the world has figured out how to make wind turbines and solar panels cheaply and at massive scale.

Can a power plant be converted to energy storage?

The report advocates for federal requirements for demonstration projects that share information with other U.S. entities. The report says many existing power plants that are being shut down can be converted to useful energy storage facilities by replacing their fossil fuel boilers with thermal storage and new steam generators.

Why is energy storage important?

As the report details, energy storage is a key component in making renewable energy sources, like wind and solar, financially and logistically viable at the scales needed to decarbonize our power grid and combat climate change.

Do we need a new energy backup system?

For the past 150 years, utilities have stored energy in piles of coal or tanks of gas that can be burned on demand. But as countries switch from fossil fuels to clean energy, they need a new kind of backup system that can deliver power whenever someone flips a light switch, not just when the sun shines or the wind blows.