Energy storage and clean energy transitions

The development of energy storage technologies creates opportunities for clean energy transitions in the transportation and electricity sectors. These technologies receive public and private support, yet their effective deployment faces various challenges that can potentially hinder climate goals, p...

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Bibliographic Details
Published in:Energy policy 2025-03, Vol.198, p.114447, Article 114447
Main Authors: Feng, Siyu, Lazkano, Itziar
Format: Article
Language:English
Subjects:
Clean energy transitions
Directed technical change
Energy storage
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Summary:The development of energy storage technologies creates opportunities for clean energy transitions in the transportation and electricity sectors. These technologies receive public and private support, yet their effective deployment faces various challenges that can potentially hinder climate goals, particularly in the electricity sector. We examine economic and technical challenges within a well-known induced innovation model where we introduce a new energy storage subsidy. At current levels of substitution between clean and conventional technologies, our results highlight the importance of temporarily subsidizing storage technologies to ease the substitution between clean and conventional technologies. Our discussion aims at improving the understanding of energy storage deployment that has the potential to accelerate clean energy transitions. •Energy storage subsidy can postpone clean innovation subsidies and their duration•Energy storage subsidies improve the substitution between renewable and conventional inputs•Energy storage subsidies can boost energy system flexibility in power generation.
ISSN:0301-4215
DOI:10.1016/j.enpol.2024.114447