What is Energy Storage Really?

The electric power grid is facing a number of challenges from the technological change across the power system and increasing severity and frequency of natural and man-made threats. As the generation mix rapidly evolves throughout the country, technologies that provide additional operational support to the grid will become more valuable. Part of that process will require the industry and the government to build and validate business cases based on a firm regulatory framework that meet requirements such as flexibility, reliability, resilience, sustainability, and grid stability. This effort requires a holistic approach to identify technical and regulatory solutions that is coordinated with the industry and the government. One technology that is crucial to the next evolution of the nation’s electrical grid is advanced energy storage.