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Decoupling the cost of clean energy from expensive gas prices is a difficult but achievable task, if there are enough green electrons in the right place. Storage has a substantial role to play in order for that to happen
More renewable energy in the mix means, on the whole, a greater need for power storage capacity. Currently, all of the green electrons cannot always be absorbed by grids or used by consumers as they are produced
CLEAR SIGNALS Most markets are not incentivised to send signals for storage to consider multi-hour, multi-day or seasonal
FAR HORIZONS The European Union's ongoing review of market rules could unleash grid storage by allowing the sector to more easily access long-term contracts
KEY QUOTE Policies, legal systems and lawmakers are lagging behind the technology at the moment. This is one obstacle that is slowing down everything ...
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Analysts predict massive growth for storage systems that can provide many hours of uninterrupted power, but the sheer diversity of contenders in this field makes it hard for a dominant technology to emerge
Demand for electric vehicle batteries in Europe is accelerating thanks to a mix of new regulations and promising business cases, which has sparked a homegrown industry that aims to take on the world. But the policies will need to be strong enough to fend off the vagaries of geopolitics
Decarbonising is easy when a regulator can set rules and regulations for the territory it oversees. But how do you convince other countries or regions to go green? A new hybrid trade and climate superweapon recently created by the EU aims to solve that conundrum. Get ready for the CBAM
Changes need to be made to how electricity markets are managed so that they can handle the pace of the energy transition, but there is little consensus about what tweaks are actually required
Finding the most efficient way to pay for the energy transition is not an easy affair—but lawmakers worldwide seem to be increasingly converging on contracts for difference as the mechanism of choice to fund emerging technologies
The major economies of China and the US have identified storage capacity as an industrial priority and are redesigning their markets to incentivise growth. The rest of the world’s economies are trying to compete but will instead need to ride the pair’s coattails to benefit
The ability of consumers to adjust their electricity demand in response to price signals and system operator requirements has a fundamental role to play in the energy transition
Seeking cheaper alternatives to expensive and time-consuming physical upgrades, grid operators are increasingly turning to digital solutions. While some projects are already underway, slow-changing regulatory frameworks mean the rollout is sluggish
New chemistries are required to make the battery sector more sustainable amid growing demand. To become a reality, greater investment and supportive policies need to be put in place, says Kim Grøn Knudsen from Topsoe
