Dispelling Myths: Battery storage is an Expensive Technology with Limited Immediate Usage

Dispelling Myths: Battery storage is an Expensive Technology with Limited Immediate Usage
Sector:Power Undertaken By:Center for Study of Science, Technology and Policy Year Published:2017

Energy storage technologies are already economical for certain market segments such as Transmission and Distribution (T&D) investment deferral and diesel generator back-up capacity segments. Declining cost curves for energy storage will open up more market applications such as managing intermediate and peak load, grid independent solar houses, renewable energy integration and Electric Vehicles. The evolution of energy storage technologies heralds a new paradigm of sustainable energy deployment. Cost effective storage technology solutions will help meet the objectives of energy security and clean environment for India.