Powering the future: Energy storage solutions

Brief: The rapid growth of renewable energy has led to an increased need for energy storage solutions. Solar and wind power generation depend on weather conditions, making storage essential for consistent energy supply. Current technologies, such as lithium-ion batteries and pumped hydro storage, have limitations, including environmental impact, cost, and scalability.

Why It’s a Challenge:

• Batteries degrade over time.

• Storing large amounts of energy is expensive.

• The demand for energy fluctuates, requiring flexible storage solutions.

Interesting Facts:

• Some energy storage solutions use gravity, like lifting and lowering blocks.

• The world’s largest battery storage system is in California, storing 3,300 MWh.

• Australia's largest battery storage facility is currently under construction in Melbourne, with a capacity of up to 2,400 MWh.

Industry Links:

• World Economic Forum: Renewable Energy Storage Innovations
• Victorian Big Battery
• Gravity Energy Storage
• EKU Energy

🎉 Your Job 🎉:

Design an innovative energy storage solution that supports the transition to renewable energy. The goal is to create a system that efficiently stores and distributes energy from sources like solar, wind, and hydro to ensure a stable and reliable power supply.