Power systems where there has been a large rollout of small scale solar photovoltaics has had a profound impact on grid-sourced electricity consumption and load shapes, with financial implications for existing electricity generators and networks. The prospect of large and small-scale energy storage, which can make renewable generation a technically viable alternative to supplying peak power needs, has the potential to disrupt conventional thinking about the economics of supplying power.
Adrian Kemp presented a paper on the role that renewable generation and energy storage might have in a diversified power system at the Renewable Energy World – Asia conference held in Bangkok. The paper examines the role that renewable generation plays as a hedge against future rises in thermal generation fuel prices, and the value that large-scale energy storage creates when combined with large-scale renewable generation. Adrian’s paper can be found here.