detail - Regional Project Energy Security and Climate Change Asia-Pacific (RECAP)
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In 2014, Germany has produced around 26 percent of its primary energy demand by renewables (RE), aiming at 80 percent in 2050. Japan will increase its share of renewables to 27 percent in 2025.
Photovoltaic (PV) and wind power are already the major sources of RE. But in comparison to hydro power or biomass, they are very volatile; and supply and demand over the day and between seasons do unfortunately not match very well. Advanced and scalable energy storage systems are the missing link to provide a stable energy supply, affordable prices and increased resilience and independence of energy systems.
Much progress in the field of storage systems has been made in recent years, mainly in electric storage. But power to gas and combustion cell are promising options, too.
In a comparative approach, renowned speakers from Japan, Germany and the United States showed different technological solutions, economic incentive schemes and legal framework concepts. The countries face similar challenges in creating efficient regulatory frameworks and financial incentives, namely fed-in-tariffs. But despite these obstacles, it became clear that we might expect dramatic breakthroughs in the next five years both in efficient ESS technologies and scale of instalments. There was consent that ESS is the bottleneck of successful energy transformation and reduction of greenhouses emissions.
An exhibition by Japanese and German companies created a platform for exploring business options and research cooperation between these leading nations.
In a parallel event by VDE Institute, the complex issues of finding economically viable and efficient ways of financing the massive investments into RE and ESS were discussed. The speakers and discussants unanimously agreed that further improvements in the legal and administrative procedures have to be made to provide a stable environment for private investment, both from the local as well as from the international financial system. Varying subsidy schemes, huge time gaps between permission and final construction of projects and a lack of product quality make institutional investors still reluctant to invest more into RE markets including ESS.
A more detailed report on ESSJ Japan 2015 can be found on: https://essj.messe-dus.co.jp/en/energy-storage-summit-japan/.