We are in the midst of an energy revolution
The energy sector is undergoing a massive transformation with a critical shift towards fossil free energy sources. The goal is to build a sustainable energy future that minimizes environmental impact while ensuring secure, reliable, and affordable energy for all.
To decarbonize, we must electrify. To electrify, we must overcome grid constraints
Electrification is essential to achieving global climate targets, with industries, transport, and households shifting to electricity from mainly renewables.
However, the production capacity of fossil-free sources like solar and wind fluctuates and is difficult to predict, creating significant challenges for power systems and grid stability. To meet the pace of electrification, investments in the power grid must double by 2030. By embracing cutting-edge technology and building an energy-intelligent system, we can overcome grid constraints more efficiently and at a lower cost.
>600bn EUR grid investments needed in Europe until 2030
New technologies are making power grids smarter and more flexible
Enhancing system flexibility is essential for successful electrification, and battery energy storage offers one of the most efficient solutions. By storing surplus electricity and supplying it during shortages, large-scale batteries provide the flexibility needed to move away from fossil fuels. By combining battery energy storage with AI and advanced data algorithmic solutions, power grids can be made smarter and more optimized.
Battery energy storage makes the grid more flexible while saving costs
Flexible grids strengthen societies, businesses and homes
Strategically located battery energy storages support local communities as well as regional and national grids. By reducing peak demand in local networks, such as municipalities, they lower grid strain, minimize maintenance and investment needs, and enable electrification without costly and time consuming grid upgrades. This allows local communities to benefit from lower and more stable electricity prices.
Nationally, energy storages enhance grid stability and resilience while reducing balancing costs. They play a crucial role during extreme conditions, such as war, when energy infrastructure is damaged, or during large production drop-outs and extreme weather. Even under normal conditions, energy storages help ensure a more reliable and robust energy system.