Full Title: The Future of Energy Storage
Author(s): MIT Energy Initiative
Publisher(s): MIT Energy Initiative
Publication Date: May 23, 2022
Full Text: Download Resource
The Future of Energy Storage study is the ninth in the MIT Energy Initiative’s Future of series, which aims to shed light on a range of complex and vital issues involving energy and the environment. Previous studies have focused on the role of technologies such as nuclear power, solar energy, natural gas, geothermal, and coal (with capture and sequestration of carbon dioxide emissions), as well as systems such as the U.S. electric power grid. Central to all these studies is understanding the role these particular technologies can play in both decarbonizing global energy systems and meeting future energy needs. Energy storage will play an important role in achieving both goals by complementing variable renewable energy (VRE) sources such as solar and wind, which are central in the decarbonization of the power sector.
The report is the culmination of more than three years of research into electricity energy storage technologies— including opportunities for the development of low-cost, long-duration storage; system modeling studies to assess the types and roles of storage in future, deeply-decarbonized, high-VRE grids in both U.S. regions and emerging market, developing economy countries; and implications for electricity system planning and regulation.