Energy storage is the emerging technology to watch in the renewable energy industry. This niche market is developing fast because energy-storage technologies could prove beneficial to making renewable energy sources, such as wind and solar, more viable. A wide array of storage technologies have been developed so that the grid can meet everyday energy needs.
Since the discovery of electricity, we have sought effective methods to store that energy for use on demand. Over the last century, the energy storage industry has continued to evolve, adapt, and innovate in response to changing energy requirements and advances in technology.
Energy storage systems provide a wide array of technological approaches to managing our power supply in order to create a more resilient energy infrastructure and bring cost savings to utilities and consumers. Below are the five main energy storage categories:
Batteries – a range of electrochemical storage solutions, including advanced chemistry batteries, flow batteries, and capacitors
Thermal – capturing heat and cold to create energy on demand or offset energy needs
Mechanical Storage – other innovative technologies to harness kinetic or gravitational energy to store electricity
Hydrogen – excess electricity generation can be converted into hydrogen via electrolysis and stored
Pumped Hydropower – creating large-scale reservoirs of energy with water
GreenWATT USA Inc. helps energy, end users, developers, investors and lenders assess the viability of energy projects at every phase — from development through stages of operation. Our consultants are also equipped to provide advisory services to our clients looking for the right energy-storage technology for their project.