The increasing number of days with negative electricity prices clearly indicates that the energy transition still lacks a crucial component to be successful in the long term: electricity storage. These storage systems could stabilise prices in the short-term market by absorbing surplus electricity from the grids. At the same time, this would enhance the reliability of the electricity networks, as they could take in electricity on a short-term basis and also feed it back into the grid when needed.
Different energy storage solutions for different tasks
One way to store surplus energy is by converting electricity into hydrogen. Converting it into heat can also be a sensible option. Both methods help to regulate surpluses. However, they are not suitable for the opposite case of under-supply.
In pumped storage power plants, compressed air storage, and flywheel storage systems, energy is also converted but can be transformed back into electricity through turbines or generators.
A significant role in storage technology is played by various batteries of different sizes:
- Small storage: These small stationary battery storage systems are often installed in conjunction with photovoltaic systems in residential homes. They capture a portion of the solar power generated on the rooftop and store it for times when the PV system does not produce electricity.
- Large storage: These systems store several megawatts of electricity and are therefore suitable for balancing the natural fluctuations in the EEG grid. They are used in the commercial sector or directly by energy suppliers.
Both storage sizes are primarily based on lithium-ion batteries. Although this is not a completely new technology, the development of lithium-ion storage on a large scale has led to significant cost reductions. Since 2010, the prices for lithium-ion batteries have decreased by 90 percent. Furthermore, due to research and development, they have become more resilient and durable, giving them an advantage over alternative battery technologies.
However, it is expected that alternative chemical batteries will become increasingly competitive in the coming years. For example, sodium-ion batteries are about 20 to 30 percent cheaper to produce, but they have not yet reached the development stage for mass deployment.