Energy Storage vs Conventional Electricity Generation: A Glimpse into the Future of the Industry

Energy  storage technologies will revolutionize the way we manage and consume electricity. In contrast to the conventional energy generation that depends on fossil resources and big power stations, energy storage systems use renewable energy such as solar, wind to generate surplus energy to be stored for a later time. This does not only improve the stability of the grid but also gives the power consumers the means to manage their energy consumption. Energy demand shifts towards cleaner technologies and energy storage technology will play an increasing role in enabling the world transition to a sustainable energy economy with net benefits for both the economy and the environment.