Energy Insights Series Commentary - Bright Power
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- Feb 6, 2020 5:19 pm GMTJan 27, 2020 11:38 pm GMT
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This item is part of the Special Issue - 2020-01 - Predictions & Trends, click here for more
Many states are moving toward 100% renewable energy goals, leading to a rise in solar and wind power’s popularity. As solar and wind become more cost-effective and attractive, the power industry will need to determine how to manage the excess power created by those resources during peak production times and how to supplement the electricity shortfall when the wind isn’t blowing, or the sun isn’t shining. To help avoid load curtailment, battery energy storage is an ideal solution to integrate with renewable energy systems. So as long as energy storage continues to become more affordable, it’s likely that stand-alone energy storage or storage paired with solar/wind will start to replace natural gas peaker plants that typically sit dormant for most of the year and are too costly to run and maintain.