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At N-SIDE, we see the value of energy storage and how it is one of the critical factors towards a cleaner and greener future. The needs for storage solutions are driven by: - The level of penetration of variable renewable energy - The pattern of electricity demand - Alternative flexibility options available 🌤️ Bulk storage will be needed for absorbing excess renewable generation but also to ensure reliability under all weather conditions for longer periods. 🔋 One of the main solutions for bulk storage are large batteries. It is no surprise that investments in this technology are booming, with a projected global investment exceeding USD 35 billion in 2023. 📚 Do you want to deep dive in the technology itself or better understand the economic value brought by batteries? The book “Monetizing Energy Storage – A toolkit to assess future cost and value” by Oliver Schmidt and Iain Staffell has recently been published and is publicly available. https://lnkd.in/e-8ncsRp 🧠 It provides a very clear overview of the storage industry and storage needs. For us, one of the key takeaways is in terms of size: global storage capacity that will triple from 180GW to 600GW by 2030. Moreover what makes the reading different from other books is that it comes with a toolkit to assess the economic cost and benefits of such technologies. Have you read the book? Do not hesitate to share your learning with us! Contact one of our experts here 👉 https://bit.ly/3ydbd78 #renewableenergy #decidebetter #energy #energytransition

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