Crucial to the renewable/clean energy revolution is the role of storage.
Renewable energy production can be highly erratic. Wind does not blow constantly at the same speed, the sun sets at night and there are cloudy days.
To solve this dilemma a good micro-grid based on renewable technologies will need to have a sufficient storage capacity to store surplus production for use when the grid is not producing at optimal capacity
Lithium-ion batteries have fallen in price thee and a half times since 2009.
Basically for the simple reason that the more you make of something the cheaper it becomes to make.
Not only that, but the technology is constantly being improved as manufacturers compete for the most efficient products in the market. Also, as demand and hence revenue increases, more money goes to research and development budgets which accelerates innovation in this space.
Manufacturing capacity is also being expanded at a massive rate to cater for the surge in demand especially from Electric Vehicles.
In 2018 it is expected that more than 50% of the demand for batteries will come from Electric Vehicles.
This is building up to an ever increasing wave of demand for storage and subsequent decrease in manufacturing cost.
As the cost of storage falls, smaller private energy farms become feasible.
EV is a good way to store energy.
http://mcphy.com/ is producing metallic hydrure hydrogen that you can use in H2 cell fuel later.
This renewable energy is the future. Elon Musk is one who is highly implicated in this renewable energy industry. He is trying his best, working hard and taking lots of risks, to help us make this transition and exit the fossil fuel era. He is trying to help the world change for the better and that is why I consider Elon Musk a great role model.
Great post sme, really enjoyed reading it :D
A few days ago Tesla has built the world’s biggest battery with 100 megawatt power and 129 MWh capacity.
This is greatful thing
Renewable energy will be revolutionary. It would be a smart move to start building businesses around storing the power generated. Surely some people are already ahead of the curve but it is far from too late to get a foot in the door. awesome!
Thanks for the post! We could store solar energy in biogas or smth. Cause energy storage is the major problem of this type of renewable
Storage of the solar power is a great problem to solve, but still, it is the future xD
good idea
Amazing post, keep up the good work!
Thats interesting. Thank you for sharing.
upvote back please
@rabbi18
Electricity storage will play a crucial role in enabling the next phase of the energy transition.
In Germany, for example, small-scale household Li-ion battery costs have fallen by over 60% since late 2014.
Figute from IRENA Study Electricity storage and renewables: Costs and markets to 2030 (10/2017)
Interesting. The problem of electricity storage exists also in non renewable energy production. I always wonder how new developments in batteries technology could help overcome this issue.