| |March, 202219energy storage saves resources due to more efficient use of power plants and delays investments in additional transmis-sion infrastructure. CHALLENGES IN BATTERY STORAGE TECHNOLOGYIt has seen many times that high string voltage affects the shock and blast potential which increases the risk of injuries. Large number of battery cells per string in grid scale energy storage results in higher voltage levels and creates this risk. Due to high voltage, there is heating in the battery which can result in fire. The main cause of this fire is thermal runaway which is a chemical process where the self-heating in a bat-tery exceeds the rate of cooling. Therefore, it causes high in-ternal temperatures, melting and venting.LACK OF TECHNICAL STANDARDSIt is often the case for early stage markets where storage suf-fers due a lack of technical standards, as well as varying pro-cesses and policies. This indicates that projects like these and its technical components present a unique endeavour with its own set of challenges. Emerging Technologies such as bat-tery energy storage not only challenges regulatory policies but also creates issues regarding market structures. There are still doubts when it comes to the structure and capabilities of most batteries. SHORTAGE SUPPLYBatteries are the preferred solution for powering emerging technologies such as electric cars. Due rising prices of materials like cobalt which are in high demand, there will be its shortage which ultimately will result in higher battery storage prices. As well as access to critical materials may be hampered. Due to the on-going trade war between India and China, after the ban of Chinese apps and products in India, some major production pipeline issues could arise as China is by far the largest producer of cobalt.THE WAY FORWARDBattery storage systems are emerging as one of the key solutions to effectively integrate high shares of solar and wind renewables in power systems around the globe. Batteries can also help to provide reliable and cheaper electricity in the coming future.
< Page 9 | Page 11 >