Power Storage Solutions When will the new storage battery be here?
The market for power storage solutions is the ideal playground for ambitious plant manufacturers.The one that is successful here acquires the licence for printing money. Thyssen Krupp Industrial Solutions intends to introduce a large-scale technologically feasible redox-flow battery in the market in 2016 and the hydrogen electrolysis shall be ready for the market in 2017.
There are wind farms in the North Sea and roofs paved with solar panels worldwide. This is that wind turbines and photovoltaic arrays do not produce power continuously: The energy that they generate is heavily weather dependent. For this reason, energy suppliers and net work operators will in the future need storage devices that can keep the network balanced.
The International Energy Agency will triple the power generation from regenerative energies in the next thirty years and thereby increase the requirement of power storage solutions worldwide. Market researchers forecast that the requirement of energy storage systems is going to explode. Navigant Research speaks of a 21.8 gigawatt of new storage capacity by 2023; Boston Consulting assumes that 330 gigawatt of new power will be created by 2030. Thus it is an enormous market that has just one hitch.
The existing solutions either use a lot of space or have a miserable efficiency. Hence an intelligent energy storage system is frantically being researched because if there are no solutions as quickly as possible, then the energy transition is in danger of failing.
Even Thyssen Krupp Industrial Solutions recognised that a goldmine could open up here. The engineers of the plant manufacturer are working meticulously just now on two designs, which complement each other technically and can resolve a lot of problems: the large-scale technological application of redox-flow battery and an electrolysis process for hydrogen production—each one a small pebble in the storage battery mosaic.