Electric energy storage is becoming more important to the energy industry as the share of intermittent generating technologies, such as wind and solar, in the electricity mix increases. Electric energy storage helps to meet fluctuating demand, which is why it is often paired with intermittent sources. Storage technologies include batteries and pumped-storage hydropower, which capture energy and store it for later use. Storage metrics can help us understand the value of the technology. Round-trip efficiency is the percentage of electricity put into storage that is later retrieved. The higher the round-trip efficiency, the less energy is lost in the storage process. According to data from the U.S. Energy Information Administration (EIA), in 2019, the U.S. utility-scale battery fleet operated with an average monthly round-trip efficiency of 82%, and pumped-storage facilities operated with an average monthly round-trip efficiency of 79%. Read more Utility-scale batteries and pumped storage return about 80% of the electricity they store
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Source: CTRM Center