Technology Solutions & Practices Shared Interest Group

The world is moving towards renewable energy. However, the variability of solar and wind power poses a challenge to grid stability. 

Battery energy storage systems (BESS) play a vital role in unlocking the true potential of renewable energy sources. By capturing excess energy during periods of high generation and storing it for later use.

In 2022, more than 5 billion dollars were invested in BESS worldwide. The global BESS market is expected to reach between 120 billion and 150 billion dollars by 2030.

The BESS market has significant potential, but it faces key challenges for sustained growth and success. A notable challenge is the cost and economics of BESS deployment. In addition, BESS faces technological and performance challenges, including limited energy density, degradation over time and safety concerns.

Do you think BESS hype will slow down? Or it will move forward as anticipated?

What are the real challenges is deploying such technology?

A few thoughts: Sure, solar power only collects during daytime, and wind energy is great...in theory, until the wind stops blowing. Good points.  The power infrastructure system would require not only the energy generation, but also the energy storage, and distribution system connected to the grid, and since the solar or wind systems do not generate power 24x7, a conventional system, such as coal, oil, etc. is also required, so the local municipality now has to build two entire energy generation systems, but power plants like coal and oil don't just spin-up in five minutes, you must keep them running...all the time... so those power generators are still running, whether used or not. 

Now let's return to the batter storage question. No system stores with one hundred percent efficiency, so there is not only the short term power loss, but the long-term as the system becomes further and further inefficient over time....then the big deal: How do you eventually dispose of the battery system? The volume of material to build a chemical battery to power a small municipality will eventually need to be buried somewhere...and environmental safety is a significant concern. 

Good questions, worthy of further dialogue. 

The world is moving towards renewable energy. However, the variability of solar and wind power poses a challenge to grid stability. 

Battery energy storage systems (BESS) play a vital role in unlocking the true potential of renewable energy sources. By capturing excess energy during periods of high generation and storing it for later use.

In 2022, more than 5 billion dollars were invested in BESS worldwide. The global BESS market is expected to reach between 120 billion and 150 billion dollars by 2030.

The BESS market has significant potential, but it faces key challenges for sustained growth and success. A notable challenge is the cost and economics of BESS deployment. In addition, BESS faces technological and performance challenges, including limited energy density, degradation over time and safety concerns.

Do you think BESS hype will slow down? Or it will move forward as anticipated?

What are the real challenges is deploying such technology?