TECHNOLOGIES FOR

ENERGY STORAGE
Batteries: Development in battery
technology, especially the
advancements done in lithium-ion
batteries have increased the
reliability and efficiency of energy
storage.
Hydrogen Storage: Potential to store
large amounts of energy forlong
period of time. It is clean and FUTURE PROSPECTS
renewable as the only byproduct is
water.
[2]
Pumped hydro Storage: Widely used Energy storage provides promising
for large-scale energy storage. Water solutions to the problems with the IMPORTANCE OF
is pumped to a higher elevation using
extra energy which can be later
deployment of renewable energy
sources.
ENERGY STORAGE
released to create power.
Thermal Storage: It enables the
Will play a key role in developing a IN THE FUTURE OF
future energy system that is
energy to be stored as heat, which
efficient, cleaner and sustainable. ENERGY
may then be used for industrial
activities and heating. [7]
Our daily lives depend heavily on
energy, which is used to power
everything from our houses to factories
and transportation networks. We now
face additional difficulties in ensuring
that we have a steady and dependable
supply of energy. One of these
difficulties includes how to store
energy, especially from renewable
sources like wind and solar. [6]

[5]
5 6 1
WHY THERE IS A NEED
FOR ENERGY STORAGE
Energy storage ensures that we
have a reliable, stable and constant
supply of power.
Energy storage is becoming more
and more necessary as the use of
renewable energy sources like wind
and solar increases in order in
power generation.
These renewable energy resources
produce more energy in summer
when the demand is low and
produce less energy in winter when
the demand is high.
Energy storage is needed in order to
meet the demand in winter when
production is low. [8]
[2]
2 3
IMPORTANCE
Energy storage has to play a critical
role in the transition to a sustainable
future.
It makes it possible to cut expenses,
lessen waste, and incorporate
renewable energy sources into the
electrical system.
Energy storage can aid in balancing
the supply and demand for energy,
improving the effectiveness and
efficiency of the energy system.
Energy storage can aid in lowering
the electricity grid's peak demand
and avert blackouts.
[4]
INNOVATION IN
ENERGY STORAGE
The demand for more
effective and affordable
energy storage is the driving
force for innovation in it.
Researchers are working on
new technologies and
materials to make more
efficient batteries.
There are also huge
improvements made in other
types of energy storage
which include thermal and
pump hydro energy storage.
[8]
[3]
4
CHALLENGES AND
OPPORTUNITIES
Managing peak demand and
balancing the distribution of
power in the grid system creates
new challenges for the energy
system.
Energy storage still confronts a
number of difficulties despite
advancements in the subject,
such as high costs, a lack of
readily available materials, and
the inability of current technology
to store huge amounts of energy.
In order to satisfy the world's
energy demands in a cost-
effective and sustainable way as
the demand for energy storage
rises, it will be essential to
overcome these obstacles and
take advantage of these
possibilities.
5 6
FUTURE PROSPECTS
The future looks promising as
technological advancements are
done to continue to improve the
scalability and reliability of storage
systems.
As the demand for electric vehicles
grows, the need for portable and
high-capacity energy storage
systems will continue to drive
innovation in the industry.
[1]
ENERGY STORAGE:
THE KEY TO A
SUSTAINABLE
FUTURE
Energy systems around the world are
undergoing a change, with a growing
shift towards renewable energy sources
like wind and solar. However, this shift
presents new challenges in how to
store energy, particularly from these
sources. This is where energy storage
has to play a critical role in balancing
supply and demand and ensuring a
stable, constant and reliable energy
supply. [6]
1
 INNOVATION TECHNOLOGIES FOR
WHY THERE IS A NEED
ENERGY STORAGE
FOR ENERGY STORAGE IN ENERGY
Vanadium Redox Flow Battery: Uses a
Energy storage ensures that the grid STORAGE liquid electrolyte to store energy.
system is stable and reliable which Molten Salt Battery: Uses molten salt
is essential for providing constant as the electrolyte to store energy.
The demand for more
power to the consumers. Hydrogen Storage: Potential to store
effective and affordable
As the world is shifting from fossil large amounts of energy for a long
energy storage is the driving
fuels to renewable energy sources period of time. It is clean and
force for innovation in it.
for producing power, the need for renewable as the only byproduct is
Researchers are working on
energy storage systems has water.
new technologies and
increased. Pumped hydro Storage: Widely used
materials to make more
Renewable energy resources are for large-scale energy storage.
efficient batteries.
dependent on geographic and Excess electrical energy is converted
There are also huge
weather conditions for producing to potential energy by pumping the
improvements made in other
power. water to a higher elevation that can
types of energy storage
It is important to have a constant be converted back when needed.
which include thermal and Thermal Storage: Electrical energy is
power supply when the production
pump hydro energy storage. converted into thermal energy, which
of renewable energy sources is
[8] may then be used for industrial
fluctuating. [8]
activities and heating.[7]

[3] [5]
[2]
2 3 4
REFERNCES
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[4]A. Gupta, Anand GuptaEditor - EQ Int'l Media Network, and Editor - EQ Int'l Media Network, “Alyi reports first revenue from
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https://www.eqmagpro.com/alyi-reports-first-revenue-from-new-energy-storage-innovation-business-focus/. [Accessed: 28-
Feb-2023].
[5]Wärtsilä “The Fundamentals of Energy Storage,” Wartsila.com, 30-Aug-2022. [Online]. Available:
https://www.wartsila.com/insights/article/the-fundamentals-of-energy-storage. [Accessed: 28-Feb-2023].
[6]Niclas, “Solar Energy Storage Systems: Part 1 - technology overview,” Manage risks and maximize ROI for your PV and
energy storage projects, 21-Apr-2022. [Online]. Available: https://sinovoltaics.com/solar-energy-storage/solar-energy-storage-
systems-part-1-technology-overview/amp/. [Accessed: 28-Feb-2023].
[7]“Solar integration: Solar energy and storage basics,” Energy.gov. [Online]. Available:
https://www.energy.gov/eere/solar/solar-integration-solar-energy-and-storage-basics. [Accessed: 28-Feb-2023].
[8]