Batteries in Power - Thematic Research
Summary
Battery technology facilitates the flow of electricity through the conversion of chemical energy into electrical energy using electrochemical cells. Batteries are an influential technology in the power sector. There is immense demand for batteries that integrate renewable energy sources with battery technology. The battery technology—in the form of a battery energy storage system (BESS)—is scaling up in the power sector due to its economical storage of energy. This is a key aspect due to growing concerns about the environmental impacts of fossil fuels. The batteries, when integrated with solar or wind energy, can store excessive energy and discharge it as and when required, benefitting the power sector in various ways.
Scope
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