SUSTAINABILITY
key to the successful integration of renewable energy to the grid . The ability to store energy provides smoothing , congestion management and frequency regulation , all vital for effective integration . These advancements are predicated on the development of battery technology . New lithium-ion chemistries extend product lives , storage capacities and slim form factors , and advanced battery management systems are maximising cost savings through tariff price point tracking and arbitrage services .
“ In the future , once up-front cost is reduced , prosumers who install their own energy storage systems will see significant cost saving , and the ability to generate income by selling back to grid via cloud-based communities . These communities will be accessed not only from homes , but also from electric vehicles ( EVs ), allowing cheap and green charging from charge points along the grid . Blockchain technology is currently being used in pilot projects to provide the trust layers needed for peer-topeer energy transactions over the internet for consumers with installed and connected solar panels , energy storage and EVs .
“ Why is battery storage so important to the future energy roadmap ? It serves a dual purpose . Firstly , it facilitates the integration of intermittent renewable energy sources , whilst simultaneously opening the door to generating income for prosumers . The dual purpose of battery storage is driving mass-market adoption of residential
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