Growing wind and solar energy is vital in achieving the goal of clean and sustainable energy in markets around the world. However, grid operators and power generators are facing a growing challenge for maintaining power grid stability, reliability and power quality with increasing levels of these intermittent sources of power. Higher levels of wind and solar is also revealing a need to reform energy policy and market rules to put higher value on dependable capacity, inertia and peak shifting. These needs are most evident in some markets today when power from wind and solar plants are being curtailed or given away at zero or negative prices.
Live Date: August 25th, 2020
Time: London 2 PM // Berlin 3 PM // Helsinki 4 PM
Energy storage technology can be the game changer that can truly unlock the full potential of renewable energy by making renewable energy as dependable and affordable as conventional power. There are many energy storage projects under development today, from large scale pumped hydro to small scale Li-ion batteries. As more intermittent inverter based renewables replace base load synchronous fossil and nuclear plants, the need for long duration, large scale energy storage plants that provide synchronous inertia are becoming more and more valuable.
The webinar will review the fundamental drivers behind the growing need for energy storage in the handful of countries and regions which are leading the global growth today. The discussion will continue with a review of the predominant energy storage technologies (pumped hydro, compressed and liquid air, and several electrochemical battery technologies) and their fit for specific use cases and market price points.
The discussion will dive deeper into the market fit for liquid air energy storage1 since it has the potential to reshape markets as the need for longer term, larger scale energy storage services grows alongside renewables. The benefits that liquid air brings to the market will be presented along with detailed case studies comparing the environmental, operating and financial performance of liquid air energy storage plants compared to Li-ion plants.
Important Topics to be Covered in the Webinar:
- Which are the services most needed for energy storage plants (energy, inertia, voltage and frequency control) in different markets today and in the future?
- What does the revenue stack look like for energy storage plants in different markets?
- How is policy and market structures evolving to support the need for energy storage?
- What are the pros and cons for each energy storage technology?
- How do the technologies compare on a CAPEX, OPEX, LCOS basis?
- How far along is the development of liquid air energy technology?
- How does liquid air technology compare to Li-ion for specific uses cases?
Attendees can ask questions during the Q&A session of the webinar.
Register today to secure your spot in this free webinar!
Who Should Attend:
- Grid Operators
- Utilities, Municipalities
- Policy Makers, Regulators
- Independent Power Producers & Developers
- Industrial Plant Owners
- Architecture & Engineering (AE) Companies
- Asset Managers and Power Plant Owners
1 In February 2020, Sumitomo Heavy Industries (SHI) and Highview Power partnered to expand cryogenic long-duration energy storage globally. Sumitomo SHI FW will lead the liquid air energy storage business within Sumitomo Heavy Industries.
Robert Giglio | Senior Vice President of Strategic Planning and Business Development | Sumitomo SHI FW
Robert is leading the market and business development functions at SFW for the Liquid Air Energy Storage division. He was part of the investment team which evaluated and supported the investment decision into Highview Power and its liquid air technology. Over his 26 year career at Foster Wheeler which is now Sumitomo SHI FW, he has served many functions and roles from R&D, new product development, business development and company strategy. Robert started his career 35 years ago with a Master’s Degree in Mechanical Engineering from the Massachusetts Institute of Technology.