UTILIZING ENERGY STORAGE TO INCREASE THE PROLIFERATION OF RENEWABLE ENERGY GENERATION AND SOLVE INTERMITTENCY WHILE STABILIZNG THE GRID Brandon Oldham | Vermont Law School | Fall 2015 Energy Policy in a Carbon Constrained World | Michael Dworkin
The energy storage field is ripe for investment and investments now can not only lead to financial returns in the future, but doing so can help usher in an industry that may just be able to put the energy sector on a path towards zero carbon emissions while improving grid reliability and security. Think about the boom of the plastics industry following the electrification of the United States, which coincided with the boom of the oil industry. Now fast-forward to today with discussions surrounding microgrid electrification aided in part by the acceleration of solar pho- tovoltaic (PV) and wind turbine renewable energy installations. In terms of rapid growth and in- vestment opportunity, the storage industry today is analogous to the plastics industry of the 1930s. Storage is a field that is born from the coinciding boom of a new type of energy generation (renewable) and a new system for electrification (microgrids).
Energy storage, in combination with innovative real time dynamic pricing and renewable electricity generation, can be utilized to mitigate grid power disruptions, inefficiencies inherent in the current supply and demand of electricity to and from the grid, and limit the waste of elec- tricity generated from renewable
New revolutionary technologies are emerging fast to address this issue of increased electrical power generation and storage needs. An example is teams of MIT scientists that have created a synthetic, self-assembling chloroplast that can be break and reassemble repeatedly, a self-restoring solar cell. (Dillow, 2010). Another example is a company called Bloom Energy, which is producing tiny fuel cell boxes called “Bloom Boxes.” Two of these can power an average U.S. home. Each device is about the size of a standard brick. Although they need to be surrounded by a larger unit that takes in an energy source, they are still about the size of a refrigerator. This alternative is already being tested by companies such as Google and eBay (Siegler, 2010).
Currently, the energy (electricity generation) sector in Canada is facing a major crisis, which is the fear of running out of world’s natural resources to produce electricity. Even though the Canadian government is promoting renewable resources, it will take a long time to establish a network that is completely dependent on renewable resources. In the meantime, the population of Canada is growing drastically and cities such as Toronto is struggling to meet the rising demand for electricity due to urbanization.
Since the gasoline and fuel oil shortages of the 1970’s, the topic of renewable energy has been
AFDC. "Electricity." 09 March 2017. Alternative Fuels Data Center. Document from Web site. 26 March 2017. .
With grid-tied renewable energy systems, there is no absolute need to conserve electricity or change your lifestyle. Your system will offset some or all of your usage, and your daily life can continue unchanged.
Renewable energy is crucial to the future of human society, as it takes from sources that cannot be depleted, such as the wind , waves, and the sun. However, the production of renewable energy is not steady and often exceeds its demand. The excess energy created is often wasted, while renewable energy would prove most effective if it were able to be stored. This would allow renewable energy to be used less in times of low demand and saved for greater use in times of high demand. A recent innovation has been developed to solve this problem: the wind bag. Using compressed air, the wind bag will store and conserve renewable energy, maximizing the productivity of using the water and wind as sources of energy. By analyzing newton 's second law of motion and centripetal acceleration, mathematical equations for wind turbines, offshore wind farms in Belgium, the use of compressed air to store energy, and the aspirations of RWE Power in Germany and the European project AA-CAES for the future of using wind bags for the storage of renewable energy, it is conclusive that wind bags are beneficial to the future of human society and are personally significant to each and every one of us.
What are some forms of energy storage? What are the benefits of these? The forms of energy storage are superconducting magnetic energy storage, compressed air energy storage, electrochemical energy storage (batteries), pumped hydroelectric storage, thermal energy storage, and kinetic energy storage. The benefits are solar and wind can be intermittent; if there is too little of one energy storage and large coal/nuclear plants are more sufficient with constant energy output, if there is too much forms of energy storage.
Energy plays an important role in human activities. The utilization of fossil fuel based energy resources has increased the impact on the global environmental issues such as CO2 emissions that contribute to global warming and a drastic climate changing. The need of exploitation of new sources such as renewable energy (RE) becomes crucial. The combination of multi-source renewable energies at the distribution stage and the proper energy management will definitely reducing the cost of operation and could deliver the best efficiency and reliability to the users.
Energy is the lifeblood of modern society, but the major energy supplies are fossil-fuel generation, which leads to air-pollution and environmental issues. Then, there is an increasing need to develop renewable energy to balance the demand and supply. Electric vehicles and hybrid electric vehicles will be the effective method to decrease fossil-fuel usage and rechargeable batteries are one of the main strategies to power these vehicles. [tarascon]
The demand for electricity it is increasing in recent years, mainly because the world population is also increasing. The necessity for power generations is a constantly subject across the globe and is from that point that the concept of renewable energy emerge and become an important subject.
Intermittent energy resources can be used in tandem with energy storage systems for better grid stability. The most common technique for energy storage is pumped-hydro, which can be used together with wind to store excessive energy and provide it when required. Such cooperative systems increase the overall efficiency and financial viability of such ventures, as the usage of stored energy shifts to displace more expensive means of power production, like fossil fuels. The low maintenance costs of pumped hydro systems and money saving on peak electricity production make them financially appealing even though their starting capital investment is considerable.
One of the greatest challenges in the twenty-first century is undoubtedly energy storage. The depletion of non-renewable resources such as fossil fuels is inevitable. This can be simply arrived at due to the fact that it is a finite resource. Additionally, the rate of generation of fossil fuels far exceeds the rate of its depletion so much so that it is negligible in comparison. Thus the world today has been forced to search for a better energy source. According to Chen(2013), “Batteries are crucial to solve this problem [the energy crisis] as they can efficiently store electricity in chemicals and release it according to demand”(p. 156). Furthermore, the batteries used currently do not meet the demands of modern society, such as the need
Currently, electric hybrid vehicles and pure electric vehicles attract more and more people’s attention. The benefits of electric hybrid vehicles and pure electric vehicles are less fuel cost, less emissions, less maintenance etc. But there are still many drawbacks such as higher price, less space in electric hybrid vehicles, require recharging everyday on plug-in hybrids and pure electric vehicles, limited mileage per recharging in pure electric vehicles etc. There are many engineering challenges along with these drawbacks. One of them is energy storage technology. In recent electrified automotive markets,
Global warming and climate change concerns, in addition to volatile oil costs and government incentives, are leading to increasing interest in the adoption of renewable energy sources. However, the integration of renewable sources in our existing infrastructure is challenging, as renewable generation is unstable and intermittent by nature. Energy storage compensates for the inherent intermittency of renewable energy sources, by storing energy during surplus power production periods and discharging the stored energy during low production periods. Compressed Air Energy Storage has received much attention as a viable solution due to its economic feasibility, low environmental impact, and large-scale capability. However, conventional CAES
Germany by this time utilizes (98%) renewable energy. In a current study recognized as “The Solutions Project”, Stanford professor, Sir. Mark Jacobson, has decided that U.S can encounter its 100% of energy request over and done with renewable by the year 2050 through intense solar