【COMPUTEX 2024 Preview】ITRI：Technology trend and application of energy storage systems

Dr. Morris Liang, the Division Director of Industrial Technology Research Institute (ITRI), highlighted the significant role of vehicle electrification and renewable energy integration in driving the global battery market. The capacity of grid energy storage has shown a remarkable increase, with forecasts predicting further growth. Home energy storage systems have seen a surge in installations, particularly in regions with high electricity prices, driven by subsidies and incentives. Hydrogen is emerging as an alternative for energy storage, especially for heavy-duty vehicles, although challenges remain regarding weight constraints. Integrating renewable energy with storage systems offers various applications, including Demand Response and frequency control ancillary services, providing additional revenue streams for manufacturers. In summary, the future of energy storage looks promising, driven by technological advancements and increasing demand for renewable energy integration.
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