The Intelligence from The Economist

Current affairs: how batteries will green the grid

6 snips
Sep 5, 2024
Vijay Vaiteswaran, Global energy and climate innovation editor at The Economist, and Anjini Trivedi, Global business writer at The Economist, delve into innovative battery technologies that are crucial for harnessing renewable energy. They discuss the urgent need for efficient energy storage solutions to manage the unpredictable nature of wind and solar power. Additionally, Anjini shares insights into the booming tourism trends across Asia, highlighting the shift in travelers' preferences post-COVID and the rising investments in infrastructure to accommodate this surge.
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INSIGHT

Bridging the Energy Gap with Batteries

  • Renewable energy sources like solar and wind are intermittent, creating gaps in energy supply.
  • Batteries offer a solution to store excess energy and bridge these gaps, reducing reliance on fossil fuels.
INSIGHT

Grid-Scale Battery Innovations

  • The rise of grid-scale batteries offers a solution to the intermittency of renewable energy sources.
  • Innovative technologies, like gravity-based storage and iron batteries, are emerging as alternatives to expensive lithium-ion options.
INSIGHT

The Rise of Solar Drives Battery Demand

  • The increasing affordability of solar energy has driven demand for complementary technologies to manage intermittency.
  • Grid-scale batteries are emerging as a key solution to ensure a consistent and reliable clean energy supply.
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