Storage technologies
With a growing share of weather-dependent electricity production, price volatility increases on the electricity market at the same time as there is a growing need for frequency regulation in the electricity grid.
Competitive energy storage must be cheap, have a high degree of efficiency and be able to respond quickly to changes in the electricity grid. It must also have a long life cycle, low environmental impact, and a long discharge time. The only existing technology that meets these requirements is pumping power in mines, which SENS is alone in offering.