Energy Storage Research
State of Charge
Opportunities In Electricity Storage
Government bans on new fossil fuelled vehicles in many major economies are likely to drive significant growth in electric vehicles (“EVs”) over the next twenty years. This will create growth in electricity demand from EV charging. The volume of energy to be supplied creates opportunities for both supply companies and generators and the provision of charge points is already creating a new industry. However, the timing of this demand puts pressure on local distribution infrastructure
Smart charging and vehicle-to-grid tech offer partial solutions, but additional grid capacity and alternatives like charger-located storage and distributed generation will likely be needed to meet demand effectively