The Energy System is under Transformation
The world is undergoing the fastest and most significant shift in modern history. Fossil based energy production is replaced with renewables such as wind power and solar, boosted by a substantial electrification on the demand side of the energy system. This combination can provide 90 % of the CO2 reductions by 2050. With more intermittent, i.e. weather dependent electricity production comes a major challenge.
Our electrical systems, the power grids, are not built to handle a large share of intermittent energy production. Solutions to the challenge are demand control, increasing grid capacity, peak shaving, curtailment, and fast-response large scale storage to solve power and balancing problems. Energy Storage is needed and there is only one fast-response, large scale solution with mature technology – Mine Storage