Battery Storage to Efficiently Achieve Renewable Energy IntegrationJanuary 2023About Renewable Energy Institute Renewable Energy Institute is a non-profit tank which aims to build a sustainable, rich society based on renewable energy. It was established in August 2011, in the aftermath of the Fukushima Daiichi Nuclear Power Plant accident, by its founder Mr. Masayoshi Son, Chairman & CEO of SoftBank Group, with his own resources. Author Romain Zissler, Senior Researcher, Renewable Energy Institute Editor Masaya Ishida, Senior Manager, Business Alliance, Renewable Energy Institute. Acknowledgements The author would like to thank BloombergNEF, the global authority on economic data on energy investments, who allowed Renewable Energy Institute to make use of BloombergNEF’s data in some key illustrations of this report. Suggested Citation: Renewable Energy Institute, Battery Storage to Efficiently Achieve Renewable Energy Integration (Tokyo: REI, 2023), 58 pp. Copyright © 2023 Renewable Energy Institute www.renewable-ei.org/en/ Disclaimer Although we have taken all possible measures to ensure the accuracy of the information contained in this report, Renewable Energy Institute shall not be liable for any damage caused to users by the use of the information contained herein. 1 Table of Contents Introduction ......................................................................................................................................... 4 Chapter 1: Role of Battery Storage in a Solar and Wind Power Future .............................................. 6 1) Future Power Systems – Key Contribution from Batteries ........................................................ 6 2) The Four Major Applications of Batteries ...................................
