Published on 10th January 2020
The latest trend is that power transmission companies around the world are increasingly looking at energy storage technology to defer or replace transmission system upgrades. How this works is energy storage is placed along a transmission line and operated to inject or absorb power, mimicking transmission line flows. Going with names like “virtual transmission” in Australia and “GridBooster” in Germany, projects totaling over 3 GW of capacity are poised to increase system efficiency and reliability across the world.
Storage as transmission offers an array of benefits over traditional transmission infrastructure. They are faster to deploy, have smaller footprint, flexibility, and relocatability, and they offer other additional services including the ability to provide reactive power, frequency and voltage control, and special protection schemes. They also act as revenue streams, while concurrently offering network support.
Some of the key undertakings as part of this trend are:
Overall, the Energy Storage Systems Market is undergoing vast changes, and it is expected to grow rapidly in the next five years.