0.5 C
Belgrade
Supported byspot_img
spot_img

Energy storage: Enabling clean alternatives and job creation in coal-dependent regions

Member of Europium Groupspot_img
Supported byspot_img

Energy storage is particularly relevant to carbon-intensive and coal regions, as it provides a cleaner alternative to hard-to-abate industries and traditional fossil-fuel-powered thermal plants for flexibility services. Currently, fossil-fuel power plants, such as gas and coal plants, largely provide flexibility services for energy systems. As fossil fuels are phased out, alternative methods for providing this flexibility will be needed. Energy storage is a key source for system flexibility services. It can replace coal plants in ensuring grid stability and the adequacy of power systems by supporting the ability of available electricity supply to meet demand throughout the year and providing system flexibility by matching energy supply to demand.

Energy storage projects can also create employment opportunities for former coal or carbon-intensive workers in Just Transition Fund (JTF) regions. These technologies require extensive value chains, involving research labs, raw materials providers, manufacturers, project developers, installers, and numerous other entities. Strengthening local value chains for energy storage will create new jobs in the energy sector. Analyses show that over 10 million people were employed in the global advanced energy industry in 2017, spanning various backgrounds, disciplines, and skill levels. Market growth could support 24 million jobs by 2030.

Supported byElevatePR Digital

Related News

India set to decide on import restrictions for metallurgical coke

India is set to make a decision soon on whether to implement import restrictions on metallurgical coke, a crucial ingredient in steelmaking. According to...

AMMC targets major production milestones by 2030 with ongoing development projects

Almalyk Mining and Metallurgical Combine (AMMC) has set ambitious production goals for 2030, aiming to achieve annual output of 500,000 tons of copper, 50...

Kazatomprom partners with Jordan uranium mining company on joint uranium exploration and extraction

Kazatomprom, Kazakhstan's national atomic company, has entered into a collaboration with Jordan Uranium Mining Company (JUMCO) to jointly explore and extract uranium in Jordan....

Saudi Arabia boosts mining sector to secure global mineral supply and support clean energy transition

As part of Saudi Arabia’s Vision 2030 initiative, the country is making significant strides toward creating a sustainable economy driven by clean energy. To...
Supported by
Supported by
Supported by
error: Content is protected !!