Storage Hybridization and its Role in Enabling High Levels of Renewable Integration
Tuesday, September 10, 2024
5:30 PM – 6:00 PM PT
Location: Storage Central Theater, Booth #50095, Hall B, ACC
When designing a speaker system for our home, we make deliberate choices, selecting a subwoofer to handle low frequencies, a center channel for voice content, and left/right speakers to manage other frequencies. Despite having a total of five speakers, each serves a distinct purpose, and they fulfill their roles with meticulous precision through careful design. Our storage needs for the electricity grid should follow a similar principle. Many conversations regarding energy storage tend to oversimplify the concept, treating it as a "one-size-fits-all" solution. There are subtle variations in performance characteristics of different storage technologies, rendering them better suited to specific applications. Achieving high penetration of renewables into the grid in a reliable and cost-efficient manner requires us to understand how a combination of different technologies can play a role. In this presentation, we will share insights on how the combination of lithium-ion batteries with other emerging storage technologies provide a promising path for the future of grid scale energy storage that is both efficient and reliable. The presentation takes into account both technical and commercial considerations and most importantly the implications for broad market acceptance of such hybridized technologies.