Excerpt from energyvoice.com
For how long will fossil fuel-generated electricity remain a critical part of our electrical systems? That is the question for those seeking to predict the pace of the global energy transition.
For jurisdictions that do not benefit from extensive hydroelectric power generation, or a taste for nuclear power, there is a point beyond which intermittent sources like wind and solar cannot grow without threatening system stability. The game-changer in this space will be the massive expansion of industrial-scale and distributed energy storage.
Many things will need to go right for energy storage to scale to this point. Nascent technologies still need to mature, but governments and industry have an important role to play as well. We explore this changing landscape below by considering key questions for energy regulators, and some of the commercial challenges in energy storage projects and transactions.