Technological innovations in energy storage: Bridging the gap between supply and demand
Augusta Heavens Ikevuje, Jephta Mensah Kwakye, Darlington Eze Ekechukwu, Olorunshogo Benjamin Ogundipe, Andrew Emuobosa Esiri
Abstract
This review paper explores the critical role of technological innovations in energy storage for bridging the gap between energy supply and demand, particularly in renewable energy integration. As global energy markets shift toward sustainable energy sources, the intermittent nature of solar and wind power presents significant challenges. The paper examines current energy storage technologies, such as batteries, pumped hydro, and thermal storage, highlighting their limitations in meeting growing energy demands. It also delves into emerging innovations, including solid-state batteries, hydrogen storage, and the application of AI for energy management. Additionally, the review discusses the integration of energy storage with renewable energy sources and the challenges posed by grid infrastructure. Future directions for energy storage technologies, policy considerations, and strategic recommendations for advancing storage solutions are also presented to address the evolving energy landscape. The paper emphasizes the importance of continued research, policy support, and investment in driving the next generation of energy storage systems for a sustainable energy future.