Introduction to the research background of energy storage industry

Can energy storage technologies improve fossil thermal plant economics?

The research involves the review, scoping, and preliminary assessment of energy storage technologies that could complement the operational characteristics and parameters to improve fossil thermal plant economics, reduce cycling, and minimize overall system costs.

What is the DOE energy storage program?

The goal of the DOE Energy Storage Program is to develop advanced energy storage technologies and systems in collaboration with industry, academia, and government institutions that will increase the reliability, performance, and sustainability of electricity generation and transmission in the electric grid and in standalone systems.

What is the purpose of the energy storage review?

The Review is intended to provide a briefing regarding a range of energy storage technologies that includes a detailed listing of primary sources. For that reason, Microsoft® Word, rather than PowerPoint, was used for producing the Review.

How do energy storage technologies work?

In developing energy storage technologies, electricity is stored at times of surplus energy supply to meet demand. For example, other storage techniques could in other areas support the energy system by storing surplus electricity such as heat or hydrogen for use in other industries.

Why are energy storage technologies undergoing advancement?

Energy storage technologies are undergoing advancement due to significant investments in R&D and commercial applications. For example, work performed for Pacific Northwest National Laboratory provides cost and performance characteristics for several different battery energy storage (BES) technologies (Mongird et al. 2019). Figure 26.

Can energy storage technologies improve the utilization of fossil fuels?

The report provides a survey of potential energy storage technologies to form the basis for evaluating potential future paths through which energy storage technologies can improve the utilization of fossil fuels and other thermal energy systems.