This IHS Markit paper, created in partnership with AES Energy Storage, is focused on uncovering how the electricity grid can learn from the way other systems address balancing supply and demand, and how these systems are made more efficient with the introduction of new communications and storage capabilities. Key findings in this paper are:

  • Storage and common communications standard strengthen networks
  • Declining costs in storage enable system transformation
  • The electric power network has a distinct lack of storage
  • Storage can be placed at many points throughout a network
  • Addressing peak power in an efficient manner could save the global electric industry hundreds of billions of dollar each year

Learn about the role of storage in transforming networks

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