Improving battery technology for renewable energy storage
The share of wind and solar in the global power mix currently exceeds 25 % and continues to grow rapidly and steadily. New grid management solutions will be needed to avoid overwhelming the grid and causing supply insecurity and outages. Unless current energy storage technologies improve, electricity operators will need to spend around EUR 480 billion to expand the grid networks. EU funding of the Nano-Edison project will enable an Iceland-based company to develop the first battery energy storage technology that meets all performance and cost criteria for grid applications. The new battery technology will be tolerant to heavy currents, overcharging/over-discharging and short circuits and will employ pulse technology – making it ideal for capturing variable renewable energy.
Fields of science
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