Sbc energy institute electricity storage

What is the SBC Energy Institute?

The SBC Energy Institute, a non-profit organization founded in 2011 at the initiative of Schlumberger Business Consulting (SBC), is a center of excellence for scientific and technological research into issues pertaining to the energy industry in the 21st century.

Where does energy storage occur?

Literally, energy storage occurs in every facet of human society. The fundamental process of photosynthesis through which green plants generate food involves the conversion of solar energy from sunlight to chemical energy which is stored in plant cells.

What is energy storage & how does it work?

Through the energy storage concept, these renewable resources can be made to be reliable and steady energy sources. This can be achieved by storing the excess energy generated when the renewable resources are available and re-use the stored energy when the renewable resources are not available.

Could storage be a solution to increased intermittency?

Increasing intermittent renewables raises the need for flexible response. Storage would seem an attractive solution to increased intermittency. Interconnectors, peaking generation and demand side response are often a cheaper substitute for storage. Batteries are less than 1% of pumped storage capacity, are more expensive but have niche value.

What are some examples of energy storage?

Storing fuel wood to provide heat during the winter or using it to maintain a fire is also a form of energy storage. Energy can also be stored as commodity or used to process materials which are storable. For example energy can be used to purify