5 conditions to promote the deployment of battery energy storage systems in South Asia

　　The National Renewable Energy Laboratory (NREL) recently released a research report discussing five conditions that may promote increased deployment of energy storage in South Asia.

　　These five conditions include:

　　• The cost of solar power generation facilities and battery energy storage systems is reduced-the installed capacity of solar power generation facilities can be increased by 55%, and the installed capacity of battery energy storage systems can be increased by 79%.

　　•Battery cost reduction-it can increase the installed capacity of solar power generation facilities by 28% and the installed capacity of battery energy storage systems by 44%.

　　• The cost of solar power generation facilities is reduced-the installed capacity of solar power generation facilities may increase by 28%, while the installed capacity of battery energy storage systems will increase by 32%.

　　• No longer deploy fossil fuel power generation facilities-in addition to reducing carbon emissions, this will also expand the installed capacity of battery energy storage systems by 52%.

　　• Reduced deployment of pumped storage facilities-will increase the installed capacity of solar power generation facilities by 1% and the installed capacity of battery energy storage systems by 26%.

　　The report pointed out that the deployment of energy storage is essential for utility companies to expand their portfolio of renewable energy power generation facilities to achieve decarbonization. For example, the Indian government plans to deploy a total installed capacity of 175GW of solar power generation facilities and wind power generation facilities by 2022. This goal can be achieved if the pace of deployment is accelerated.

　　In addition, the energy storage system will:

　　(1) Realize energy time shift to reduce the reduction of renewable energy generation and reduce the electricity cost during the peak power demand period.

　　(2) Provide long-term and reliable energy storage capacity for the power system to help offset the demand for new coal-fired power plants.

　　(3) Provide the operating reserve required to manage the grid frequency.

　　In all the scenarios in this research report, by 2030, India’s energy storage deployment will increase significantly, indicating the key role that energy storage technology will play in future energy business cases.

　　In Bangladesh, energy storage systems can effectively reduce dependence on expensive and highly polluting diesel and oil-fired power plants. In Bhutan and Nepal, which rely mainly on hydropower, energy storage systems can be used to optimize hydropower, increase energy exports to India, and help increase foreign exchange income.

　　Ilya Chernyakhovskiy, a decision support analysis researcher at the National Renewable Energy Laboratory (NREL), said: "This study shows that the deployment of energy storage systems can increase the use of renewable energy, reduce carbon emissions in the power sector, and reduce electricity costs. Although we have not The energy storage system is compared with other emerging technologies (such as demand response, electric vehicles or distributed energy), but the results of this study show that the energy storage market in South Asia is about to develop rapidly."

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect substitute for lead-acid batteries, and are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.