Industrial Energy Storage Review
As the United States moves to net-zero carbon emission by 2050, a transition to renewable energy generation is required. However, the variable nature of renewable energy generation at high penetrations can cause imbalances in generation and transmission of electricity. These imbalances can be circumvented by the deployment of energy storage. Global industrial energy storage is projected to grow 2.6 times in the coming decades, from just over 60 GWh to 167 GWh in 2030. The challenge is to balance energy storage capabilities with the power and energy needs for particular industrial applications. Energy storage technologies can be classified by the form of the stored energy. The most common forms include thermal, chemical, electrochemical, and mechanical storage technologies. The most appropriate storage technology will depend on the unique energy needs of the industrial application. The purpose of this report is to provide a review of energy storage technologies relevant to the U.S. industrial sector, highlighting the applications in industry that will benefit from increased integration of energy storage, as well as the respective challenges and opportunities unique to integrating different storage technologies.