Energy storage battery speech topic

Why is battery storage important?

Batteries are an important part of the global energy system today and are poised to play a critical role in secure clean energy transitions. In the transport sector, they are the essential component in the millions of electric vehicles sold each year. In the power sector, battery storage is the fastest growing clean energy technology on the market.

Is battery energy storage a new phenomenon?

Against the backdrop of swift and significant cost reductions, the use of battery energy storage in power systems is increasing. Not that energy storage is a new phenomenon: pumped hydro-storage has seen widespread deployment for decades. There is, however, no doubt we are entering a new phase full of potential and opportunities.

Are lithium-ion batteries a good choice for energy storage?

Lithium-ion batteries are being widely deployed in vehicles, consumer electronics, and more recently, in electricity storage systems. These batteries have, and will likely continue to have, relatively high costs per kWh of electricity stored, making them unsuitable for long-duration storage that may be needed to support reliable decarbonized grids.

How can batteries help achieve cop28 goals?

By enabling greater shares of renewables in the power system and shifting electricity supply to when it’s most needed, batteries will help advance progress on the goals set at COP28. These include tripling renewable energy capacity by 2030, doubling the pace of energy efficiency improvements and transitioning away from fossil fuels.

Could battery storage make the dream of continuous power supply a reality?

Battery storage could make the dream of continuous power supply a reality. It gives utilities the flexibility to store electricity from variable wind and solar power. Like Lego, you can use batteries to put together different pieces to create bigger systems-and innovation is changing the limits to what can be done.

Can battery energy storage power us to net zero?

Battery energy storage can power us to Net Zero. Here's how | World Economic Forum The use of battery energy storage in power systems is increasing. But while approximately 192GW of solar and 75GW of wind were installed globally in 2022, only 16GW/35GWh (gigawatt hours) of new storage systems were deployed.