There is a growing need to increase the capacity for storing the energy generated from the burgeoning wind and solar industries for periods when there is less wind and sun. This is driving unprecedented growth in the energy storage sector and many countries have ambitions to participate in the global storage supply chains. According to Robert Piconi, Chief Executive Officer of Energy Vault, “With clean energy rapidly gaining momentum, we are seeing heightened demand for energy storage infrastructure to solve for intermittency issues. There is no one-size-fits-all solution as far as energy storage is concerned. The scale-up of a diverse mix of hardware and software technology solutions will be essential.” Energy storage creates a buffer in the power system that can absorb any excess energy in periods when renewables produce more than is required. This stored energy is then sent back to the grid when supply is limited. It also plays an important role in times of any grid emergency, it can supply the grid with enough power in a short duration to prevent grid failures.

Full commentary : We need additional capacity to store the energy generated from wind and solar power for periods when there is less wind and sun.