Electricity cannot be directly stored, so electrical grid managers must
constantly ensure that overall demand from consumers is exactly matched by an
equal amount of power fed into the grid by generating stations. Because the
chemical energy in coal and gas can be stored in relatively large quantities,
conventional fossil-fueled power stations offer dis patchable energy available
on demand, making grid management a relatively simple task. However, fossil
fuels also release greenhouse gases, causing climate change – and many
countries now aim to replace carbon-based generators with a clean energy mix of
renewable, nuclear or other non-fossil sources. Clean energy sources, in particular wind and solar, can be highly
intermittent; instead of producing electricity when consumers and grid managers
want it, they generate uncontrollable quantities only when favourable weather
conditions allow. A scaled-up nuclear sector might also present challenges due
to its preferred operation as always-on baseload. Hence, the development of
grid-scale electricity storage options has long been a “holy grail” for clean
energy systems. To date, only pumped storage hydropower can claim a significant
role, but it is expensive, environmentally challenging and totally dependent on favorable geography. There are signs that a range of new technologies is getting closer to
cracking this challenge. Some, such as flow batteries may, in the future, be
able to store liquid chemical energy in large quantities analogous to the
storage of coal and gas. Various solid battery options are also competing to
store electricity in sufficiently energy-dense and cheaply available materials.
Newly invented graphene super capacitors offer the possibility of extremely
rapid charging and discharging over many tens of thousands of cycles. Other
options use kinetic potential energy such as large flywheels or the underground
storage of compressed air. A more novel option being explored at medium scale in Germany is CO2 mechanization
via hydrogen electrolysis, where surplus electricity is used to split water
into hydrogen and oxygen, with the hydrogen later being reacted with waste
carbon dioxide to form methane for later combustion – if necessary, to generate
electricity. While the round-trip efficiency of this and other options may be
relatively low, clearly storage potential will have high economic value in the
future. It is too early to pick a winner, but it appears that the pace of
technological development in this field is moving more rapidly than ever, in
our assessment, bringing a fundamental breakthrough more likely in the near
term.
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