Welcome!

News Feed Item

Frost & Sullivan: Energy Storage is the Answer to Looming Power Shortages

- Energy Storage will help to significantly increase the effectiveness of renewable generation, the efficiency of thermal plants, and the resilience and stability of the existing electrical transmission network

LONDON, Oct. 10, 2012 /PRNewswire/ -- The significant shortfall in electricity supply within the next three years highlighted by Ofgem in its latest report presents a strong case for energy storage technologies as they can de-couple production and consumption of electricity by creating a buffer.

Electrical power generation in the UK has been facing many challenges in the last decade. Some of the most critical include: reduction in generation capacity, unrealistic carbon emission targets, and increasingly unpredictable loads. Frost & Sullivan Research Manager Alina Bakhareva explains how energy storage can help to overcome some of the key issues the energy industry and the British government are facing in the UK.

Reduction in Generation Capacity: "Recent legislation has been passed to allow the electricity grid operators to selectively cut power to industrial consumers in times of peak load, to protect domestic supply. The anticipated boosting of the UK's reserve capacity and installed capacity through the building of wind farms and incentivised solar panel installation has a downside of upsetting the electricity network performance and is giving concern to the local network operators on the grid stability. The performance of wind farms and solar PV panels is below the expectations placed on it by the policy makers in central government. Energy storage will play a huge part in enabling renewable generation technologies to perform in a more stable manner on the grid, and in making the business case for investment in renewable a more attractive proposition."

Unrealistic Carbon Emission Targets: "The ambitious greenhouse gas emissions target of at least 34 percent by 2020 is intended to drive a wider adoption of renewable sources of electricity generation. However, many of the renewable generation solutions are intermittent by nature, which creates uncertainty on how much energy would be produced during a day/hour/minute. The intermittent nature of wind, solar PV and tidal generation schemes means that there must always be a standby capacity ready to be brought online to meet demand, which means that renewables are not entirely zero carbon emissions. The standby capacity is created by fossil-fuel-based stations that run idle until the wind stops blowing or the sun goes in. Incidentally, when the wind blows too hard at low demand periods wind farms have to be turned off, wasting large amounts of carbon-free electricity. Energy storage seeks to address this intermittency by acting as a reservoir, or buffer, to accumulate the electricity generated and release the energy when needed."

Unpredictable Loads: "The electricity network and the network operators' business model are being forced to change dramatically from a centralised generation model to many smaller distributed power stations generating electricity for industrial and large commercial premises, often under an ESCO (Energy Service Company) model. In addition to a rising demand for power from existing applications and users, entirely new user categories, such as EVs (Electric Vehicle), with yet unpredictable consumption patterns are about to plug in to the grid. This creates further uncertainty on the demand peaks and amounts of electricity needed to power new mobility."

Energy storage significantly increases the effectiveness of wind, solar and tidal generated electricity because the energy is time-shifted to peak demand, which strengthens the business case for investment in a renewable generation scheme. Also, some energy storage technologies under development increase efficiency of the CHP, waste-to-energy plants and distributed gas-based smaller power plants by utilising excess electricity (and heat) to make it available when it is needed for running the equipment.

Energy storage as a new sub-segment of power industry is already taking shape. A host of energy storage technologies are on the brink of becoming commercially available. "New business models will have to emerge and some innovative solutions such as mobile energy storage solutions are already being prototyped and tested", concludes Alina Bakhareva.

If you are interested in more information on this topic, please send an e-mail with your contact details to Chiara Carella, Corporate Communications, at [email protected]om.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

Contact:
Chiara Carella
Corporate Communications – Europe
P: +44-(0)-20-7343-8314
M: +44-(0)-753-3017689
E: [email protected]

http://www.frost.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...