The renewable and alternative energy economy relies heavily on advanced energy storage systems that generated electricity power to be utilized in real time or future usage. The changing nature of energy resources will increase the need for energy storage in both supply and demand. Energy storage facilities hold a key position in energy supply systems; the benefits of electric energy storage include increasing grid reliability, reducing system transmission congestion, helping manage load, and making renewable electricity sources more suitable as base load providers. AES electricity can also help accelerate the adoption of renewable energy by compensating for the variability of wind and solar. Energy storage makes these sources more predictable, allowing them to be more seamlessly integrated with the existing power grid.
Energy storage is accomplished by devices or physical media that store energy to perform useful operation in real time or future usage. A device that stores energy is sometimes called an accumulator. All forms of energy are either potential energy (e.g. Chemical, gravitational, electrical energy, temperature differential, latent heat, etc.) or kinetic energy (e.g. momentum). Some technologies provide only short-term energy storage, and others can be very long-term. Energy storage became a dominant factor in economic development with the widespread introduction of electricity. Unlike other common energy storage in prior use such as wood or coal, electricity must be used as it is being generated, or converted immediately into another form of energy or chemical.
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