The State of Storage
- Nov 17, 2021 9:42 pm GMT
The newly adopted Infrastructure Investment and Jobs Act lays the groundwork for financial investments in many types of infrastructure projects, including roads and bridges, public transit, passenger and freight rail, electric vehicles (EVs), internet access, airports, and water and wastewater. It also incorporates provisions to modernize the electric grid, including the development of storage demonstration projects, storage manufacturing, and related projects that include storage elements. But what is the state of storage in the U.S. now, and how is it expected to change in the foreseeable future?
Energy storage systems convert electrical energy into a form in which it can be stored, then convert it back when it is needed. It is important as the world moves to the use of more renewable energy sources because these sources are intermittent. For example, solar energy is only available when the sun is shining. Unless it is stored, its use is limited to that time. Energy storage can be deployed on a very small scale, such as at a residence, a very large scale, such as grid-scale installments, or anywhere in between. According to the National Renewable Energy Laboratory (NREL), currently 23 GW of energy storage capacity is available in the U.S.
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