Reservoir Solutions - Energy Storage Brochure

3 ANNUAL INSTALLED CAPACITY OF DISTRIBUTED ENERGY RESOURCES IS EXPECTED TO REACH 530 GW BY 2026 This change to energy generation and consumption is being driven by three powerful trends: the arrival of increasingly affordable distributed power technologies, decarbonization of the world’s electricity network through the introduction of more renewable energy sources, and the emergence of digital technologies. INTEGRATING INTERMITTENT RENEWABLES INTO AN AGING GRID REQUIRES FLEXIBLE AND RESILIENT TECHNOLOGIES , ABLE TO RAMP QUICKLY AND DYNAMICALLY ADJUST TO REAL-TIME GRID SIGNALS Decarbonization The rapid deployment of low-carbon technologies such as wind and solar is making it increasingly difficult to forecast variable generation, creating challenges around grid stability, congestion and market volatility. Digitization A rise in the number of connected devices and smart sensors enables fast decision-making on dynamic and nodal prices, while intelligent control systems and internet-enabled software optimize power plants and the grid. Decentralization The growing penetration of distributed energy resources, including renewables and storage, is creating more “prosumers” (end users who are active in the power system), greatly increasing distribution grid complexity.