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Europe and China are leading the installation of new pumped storage capacity – fuelled by the motion of water. Batteries are now being built at grid-scale in countries including the US, Australia and Germany. Thermal energy storage is predicted to triple in size by 2030. Mechanical energy storage harnesses motion or gravity to store electricity.

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3. Thermal energy storage –Why do we need it ? Energy demands vary on daily, weekly and seasonal bases. TES is helpful for balancing between the supply and demand of energy Thermal energy storage (TES) is defined as the temporary holding of thermal energy in the form of hot or cold substances for later utilization.

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5. TYPES OF ENERGY STORAGE Energy storage systems are the set of methods and technologies used to store various forms of energy. There are many different forms of energy storage • Batteries: a range of electrochemical storage solutions, including advanced chemistry batteries, flow batteries, and capacitors • Mechanical Storage: other innovative

I. Introduction

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