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Energy storage is one option to provide the electricity grid with flexibility. Short-term storage can provide system services for power quality, whereas medium-term storage allows to shift significant amounts of energy over some hours up to days. Seasonal or long-term storage can, for example, be provided by the power-to-gas technology. Significant amounts of storage will be necessary, especially when a fully renewable supply is approached. New mechanisms are needed to ensure anticipatorily that sufficient flexibility is in the system at any time.
Due to significant success in technology development and cost reductions, the electricity system is now widely perceived as the part of the energy system to be first in decarbonisation. This means a double challenge for the system: Firstly, it will undergo significant change due to rapidly increasing shares of fluctuating renewable generation; Secondly, there will be an expansion of electricity into other fields of the energy system such as heat generation and transport.
Economics beats politics
(2015)