Charging ahead: renewables and energy storage
Student name: Ms Vipasha Thakur
Guide: Dr Kaushik Ranjan Bandyopadhyay
Year of completion: 2016
Host Organisation: Enzen Global Solutions Pvt. Ltd.
Supervisor (Host Organisation): Dr Shweta Tripathi
Abstract: The energy sector is transforming with increasing population, huge energy demand, rising role of renewables, tightening emission limits on fossil-fuel based generation, together point to a very different landscape than in the past. Current trends in energy supply and use are patently unsustainable – economically, environmentally and socially. We must change our current path and rethink our energy priorities. Renewables and Energy storage combined can support energy security and climate change goals by providing valuable services in developed and developing energy systems. Energy storage technologies can help to better integrate our electricity systems and can play a crucial role in energy system. The current report consists of the study of the Global Renewable Energy Market and Energy Storage market to identify the major trends, technologies, investments and growth that will reshape the entire Power Sector. Renewable power is inherently intermittent and fluctuating. If renewable power has to become a major source of power, electricity storage systems are indispensable. One important barrier of renewables in achieving their full potential has always been the absence of economic and reliable electricity storage solutions.
Keywords: Power sector, Renewable energy; Energy Storage, Trends, Technologies, Global scenario.
