Environmental protection enterprises deploy energy storage solutions

What are energy storage policies?

These policies are mostly concentrated around battery storage system, which is considered to be the fastest growing energy storage technology due to its efficiency, flexibility and rapidly decreasing cost. ESS policies are primarily found in regions with highly developed economies, that have advanced knowledge and expertise in the sector.

How do ESS policies promote energy storage?

ESS policies mostly promote energy storage by providing incentives, soft loans, targets and a level playing field. Nevertheless, a relatively small number of countries around the world have implemented the ESS policies.

Who makes ESS policies?

ESS policies are predominantly made by countries with developed economies. These countries have the expertise and take advantage of the resources they have by investing heavily in ESS sector and renewable energy sources. The economy of a country plays a major role in the adoption of ESS.

How does ESS policy affect transport storage?

The International Energy Agency (IEA) estimates that in the first quarter of 2020, 30% of the global electricity supply was provided by renewable energy . ESS policy has made a positive impact on transport storage by providing alternatives to fossil fuels such as battery, super-capacitor and fuel cells.

Do energy storage systems provide ancillary services?

However, the intermittent nature of renewable energy requires the support of energy storage systems (ESS) to provide ancillary services and save excess energy for use at a later time. ESS policies have been proposed in some countries to support the renewable energy integration and grid stability.

Why do we need ESS policies?

These functions contribute in stabilising the power sector and hence save a lot of money for the sector. Many energy related policies, such as renewable energy policies and market reforms have been implemented in many parts of the world. However, ESS policies have only recently started to be adopted and promoted in some countries.