Energy storage’s value as transmission asset needs to be recognised, ISO New England says
ISO New England, operating the high-voltage grid and wholesale electricity markets in the northeastern US region, has requested separate classification of energy storage as a transmission asset.
Related Knowledge Center: Electrical grid reliability
With the need to reduce use of fossil fuels in transportation and other areas, demand is likely to increase for solutions that increase dependence on electricity and the electrical grid.
Related Knowledge Center: ENERGY BASICS: electricity
Electricity is a secondary energy source: it is generated through the conversion of primary energy sources such as natural gas, coal, solar, hydropower, and wind. Electricity’s versatility is not cost-free: a substantial amount of energy is lost in its generation and the cost of storage is high, compared with fuels such as coal, oil and natural gas. The economics of battery technology hold the key to expanded use of renewable sources to generate electricity.