In this live studio interview at Asian Utility Week, Raj Chintapalli, Director Market of Intelligence, IESO Ontario, Customized Energy Solutions, talks about the many changes taking place in the energy storage market across the globe and how learnings can be adapted to Asia’s energy storage challenges.
Energy storage-the ‘holy grail” for energy revolution
While the need for energy storage has been around for many years, Mr Chintapalli says that the sector is now seeing a great deal of new technologies being introduced. An increase in renewable integration and grid resiliency are the main drivers for energy storage adoption across the globe today, he says.
He explains that energy storage is the ‘holy grail’ of the energy revolution because in order to achieve various goals, utilities have no choice but to adopt appropriate energy storage solutions.
Think outside the box
He suggests that Asia should move towards solar energy storage instead of using diesel. “Diesel replacement is ideal. Solar energy storage will help break Asia’s reliance on diesel. This is especially true for Asia’s islands.”
He adds that the region should learn from energy storage developments from across the world. “Energy storage developments in the US and Canada have taken 10-15 years to mature so Asia should take advantage of these learnings, especially when it comes to policies, and apply the most appropriate ones to the region’s energy storage development.” The cost of energy storage solutions is also coming down so Asia should take advantage of the lower technology costs, he adds.
In conclusion, he suggests that Asia looks at applying new solutions to existing problems. He explains: “If we know that the hammer is the only tool, everything looks like a nail. So Asia must solve its problems with different solutions instead of using the traditional ones. Look for other ways of solving problems and do this by learning from utilities around the world, as well as vendors.”