In recent years, the renewables landscape has seen a large shift as solar farms and wind turbines have become commonplace. In the UK, renewable energy as a proportion of total electricity generation has increased year over year, with energy trends data from the Department for Energy and Climate Change (DECC) indicating that renewables’ share of electricity generation reached record levels in 2015. With future targets in place for renewable energy generation, that trend is likely to continue.
According to a new report by WSP, energy storage may represent the missing link to achieving a balance between UK energy generation and fluctuating, intermittent demand. The report, titled Energy Storage: the final piece in the jigsaw, suggests that energy users and developers should act fast to capitalize on an increasing number of opportunities, given that rapid technological evolution is allowing energy storage techniques to be increasingly deployed at meaningful scale.
Some of the existing energy storage technologies examined by the research report include:
- Compressed Air Energy Storage (CAES);
- Hydrogen economies;
- Thermal storage.