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The Emerging Energy Storage Jobs Market

WindFarm

A Growth Industry

The energy storage industry is rapidly expanding, giving rise to more energy storage jobs. On a daily basis, utility companies will plan how much energy is required for generation and distribution on the grid using predictions based on historical data and usage on the same day in the previous year. Estimates are then modified using detailed analysis based on current weather forecasts for a specific region. Using these predictive models can be challenging and generally mean utility companies will be creating more or less energy than required on any given day. Whilst some energy production technologies can be deactivated relatively rapidly, other production methods (in particular nuclear and fossil fuel sources) will take longer to deactivate, resulting in accumulative costs.

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The Benefits

Energy companies are continuously striving methods to safely and efficiently store energy so it can be consumed on demand, controlling any issues with distributing too little or not enough energy. In recent years, energy experts have introduced new technologies to ensure our grid is capable of meeting our daily demands, this includes more advanced battery technology and hydropower facilities. Energy storage provides us with the opportunity to use electricity more efficiently than any other alternative power source. Energy storage technologies are now capable of capturing energy, be it from a solar plant or coal power station and storing it to be used on demand. Energy storage technology continue to evolve, becoming more intelligent and vital in providing the energy required for the future.

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The Technology

Energy storage technology provides a wide range of options to control power supply and ultimately create a more stable energy infrastructure, as well massively reduce costs to both business and consumer. Globally, there are six main categories being developed within the energy storage market. • Solid State Batteries - an variety of electrochemical storage options that includes chemical batteries and capacitors. • Flow Batteries - This relates to where energy is stored directly within the electrolyte solution, providing a longer cycle and overall quicker response times. • Flywheels - Flywheels refer to mechanical technology that captures rotational energy, providing instant electricity. • Compressed Air Energy Storage - This refers to technology that captures compressed air, providing a potent energy reserve • Thermal - Thermal storage captures both heat and cold for energy on demand • Pumped Hydro-Power - creating large-scale reservoirs of energy with water Source: Energy Storage Association

Energy Storage Market China

Emerging Markets

The largest energy storage markets in the coming decade are expected to be China and India, supported by those countries’ ambitious renewable energy targets. Latin America is another attractive market for energy storage development, given the region’s renewable energy roll-out plans – particularly in Mexico, Chile, and Brazil. In South Africa, storage is expected to be driven by greater integration of renewables. In MENA, many countries are looking to deploy large amounts of renewable energy to reduce the amount of domestic fossil fuels used for local power generation – freeing up that fuel to be sold abroad, bringing in revenue for government programs.

Supercapacitors

New developments in supercapacitors are creating highly efficient energy storage solutions with some technology competing with the popular batteries across the energy market. A supercapacitor (ultracapacitor) is a two-layered capacitor that contains a remarkably high capacitance but low voltage limits. Supercapacitors store the electrical energy at an electrode which is coated with a porous material known as activated carbon. This provides a greater area for storing higher levels of charge.

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Energy Storage Organisations

Energy Storage Association

As the national trade association in the U.S., the Energy Storage Association (ESA) is the leading voice for companies that develop and deploy the multitude of energy storage technologies that we rely on every day. Our member companies research, manufacture, distribute, finance, and build energy storage projects domestically and abroad.

 
European Association for the Storage of Energy

EASE actively supports the deployment of energy storage as an indispensable instrument in order to improve the flexibility of and to deliver services to the energy system with respect to EU energy and climate policy.