Technology Assessment: Energy Storage Technologies

Summary

The escalating global demand for energy, coupled with mounting environmental concerns stemming from conventional power generation, has spurred a transition toward renewable energy sources. However, the intermittent nature of renewables, such as wind and solar energy, presents challenges in aligning production with demand. In response, energy storage technologies have emerged as pivotal solutions to bridge this gap and enable the effective integration of renewables into existing energy grids. This study employs the Hierarchical Decision Model (HDM) to comprehensively evaluate emerging energy storage technologies across diverse criteria, including social, technical, economic, environmental, and political dimensions. Expert insights provide a nuanced understanding of technological strengths and weaknesses, thereby offering essential guidance for policy‐making and investment strategies. With sustainability as the cornerstone, this study sheds light on the intricate interplay between renewable energy and energy storage technologies, revealing a path toward a cleaner and more efficient energy landscape.