Monday 20 September 2021

Advanced Energy Storage Is a Technological Advancement in the Electricity Grid Systems to Reduce Operational Costs during Peak Load Demands

 

Advanced Energy Storage Market


Advanced Energy Storage (also known as AGS) batteries offer a combination of benefits that is not commonly found in traditional rechargeable Nickel Cadmium (NiCad) batteries. With the recent rapid growth of renewable energy sources worldwide, the need for high-voltage, high-current, high-hours battery systems has caused tremendous demand in high-voltage, high-hour-age and high-volume stationary energy storage. Lithium ion batteries (LIBs) have several benefits, but unfortunately, there are far more abundant metals available including sodium, potassium, lithium and aluminum. A new type of battery is needed to solve this problem. This article explains why advanced energy storage needs to include an alternative to NiCad batteries.

NiCad batteries are popular mainly due to their low cost of ownership. Their lifespan can last up to 40 years depending on the kind of environment they are used in. As compared to these batteries which use liquid sodium or solid oxide to function, the lithium metal battery is in essence made from a material which contains lithium ions. Larger sizes of batteries are capable of holding large amounts of energy, which is why they are widely used in automotive and aviation applications. On the other hand, smaller sizes of these batteries do not have the same power delivering capacity. For this reason, it is necessary to use advanced energy storage systems that are capable of storing massive amounts of energy.

A large-scale advanced battery can supply the required electricity for thousands of homes, which would not be possible with the present supply of conventional electricity. Advanced Energy Storage (AES) batteries will replace the current electricity needs of society with large-scale clean and renewable electricity which are economically viable. In addition, by replacing traditional power sources with these batteries, society can save both, money and natural resources.

Advanced Energy Storage Systems offers technically-oriented solutions that focus on the application of advanced energy storage technologies to address specific problems, develop and design new products, improve systems, processes, equipment, and facilities. Advanced energy storage systems that are expected to be popular in the near future include those that provide storage with a sense of the environment. For instance, in September 2021, a subsidiary of Renault Group, Mobilize, announced to launch Mobilize Charge Pass in Germany, Spain, and other European countries. This application will notify the drivers about the availability of nearby charging stations.

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