High Capacity Factor Renewables and the Growing Role of Energy Storage

Higher capacity factor renewables are becoming increasingly important not only because of the growing load forecast and shortage of energy and capacity to support such growth, but also in light of the constrained transmission and interconnection infrastructure, making efficient utilization of such interconnection rights more crucial than ever before. 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 and most notably energy storage 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.