The promising role of energy storage in a low-carbon future

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Energy storage is a key enabler of a low-carbon future. In Part 4 of our Energy Transition Talks podcast series, CGI experts Alain Sayegh and Venk Gopal discuss energy storage as a new distributed energy resource and the role of data, digitization and legislation in unlocking its transformative value.

Renewable energy demand is growing, driven by the urgent need to meet climate and decarbonization goals. Due to the intermittent nature of renewable energy, however, advancing energy storage is critical to effectively manage demand and supply, implement microgrids and assure greater resilience, flexibility and energy security.

Potential benefits of energy storage

The benefits and return on investment (ROI) of energy storage, explains Venk, can be categorized into three broad categories based on the business and use cases:

1. For consumers and society, it offers increased decarbonization and reliability.

2. For transmission and distribution utilities, it leads to deferred or avoided costs and, importantly, improved power quality.

3. For energy markets and their operating entities, it drives flexibility, demand response, ancillary services and other grid and market functions at the wholesale and retail level.

"What's interesting is that the underlying technology is becoming more affordable and easily accessible, leading to the challenges on how we integrate this into our overall ecosystem," says Venk.
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