SUSTAINABLE
ENERGY
TECHNOLOGY
ASIA 2022

With a revolution in the further advancement, storage helps solar contribute to the electricity supply even when the sun isn’t shining. It can also help smooth out variations in how solar energy flows on the grid. As the grid diversifies and electricity demand increases, energy storage plays an important role and is ramping up dramatically to achieve the economic and climate goals. The government, federal agency and the energy policy actions are needed to unleash the potential of solar and energy storage worldwide. Solar and Energy storage is the answer to the current issues faced in using renewable energy for power generation. It can be used in many applications; providing the power during night-time, smoothing the electricity prices through arbitrage, manage the energy ramps, mitigate the risk of curtailment, provide backup power in blackouts, etc. Moreover, when the demands increase, the reductions of costs in PV cells, lithium-ion batteries, and manufacturing as scaled up to support electric grids, applications and electrical vehicles, and others. Assumingly, Solar and Energy storage can create numerous business opportunity for each other’s long-term success and its ability to scale beyond over 20% of total electric generation goal. Ultimately, the wide-scale adoption of solar will lead to the wide-scale adoption of storage, which will in turn lead to more opportunities to deploy solar. And so, Solar + storage has, and will continue to have, a symbiotic relationship.