Imagine large-scale energy storage that can significantly enhance grid security and reliability; that can support the increased integration of renewable technologies; that does not rely on water.
Imagine technological components that have been proven time over time, that cost less to operate and run more efficiently as an integrated system; that can be more widely deployed as grid-scale assets at the point of intermittent generation.
Imagine an energy storage technology that can play a significant role in mitigating the effects of global warming.
Imagine an energy storage technology uniquely suited for arid regions where existing transmission capacity is attempting to keep up with the increasing deployment of large-scale wind and solar generation facilities.
You have just imagined ARES.
The global market for energy storage is growing rapidly as the need to integrate diverse generation assets intensifies. Solar and wind energy generation are fundamentally intermittent and their aggregate peak output is rarely coincident with peak system loads, delivering on annual average less than 30% of their rated capacity into the electrical grid; which must nevertheless be maintained to absorb the full rated capacity of installed systems. This is an inefficient use of valuable transmission assets.
As may be seen on the chart above from GTM Research, the requirements for energy storage will continue to grow as states like California adopt ever-higher Renewable Portfolio Standards (RPS) which increase the deployment of intermittent generation resources such as wind and photovoltaic solar energy. Note that the fastest growing segment of this rapidly growing market is for utility scale storage – a market which ARES technologies’ are uniquely positioned to satisfy.
The expanding US western states market for energy storage is driven by the increased renewable portfolio standards, as well as the anticipated shutdown of heavy coastal generation facilities and a looming shortage of heavy inertia. There is an increasing need for large-scale, fast-responding storage facilities for ancillary services, renewables integration, load shaping, and transmission upgrade deferral.William Peitzke, ARES