by Letizia Magaldi, Magaldi Green Energy Executive Vice President
It's enough to put together a couple of data to understand how the energy world is changing - and fast. According to Bloomberg data, about a third of global investments (1.1 billion dollars in 2022) in low-carbon energy technologies were directed to the renewable energy sector. According to the IEA - International Energy Agency report, the world's total capacity of renewable energy is expected to double by 2027, becoming the primary source of global electricity production by 2025 and surpassing coal. We're seeing a revolution taking place right before our eyes.
Italy, significant growth and penetration of renewable energies
In Italy, the growth and penetration of renewable energy has been significant, considering that in 2010, only 356 Italian municipalities had electric or thermal plants based on renewables. According to a recent report by Legambiente, today there are
- 7,776 municipalities with at least one photovoltaic system installed
- 7,223 municipalities with a solar thermal plant
- 3,616 municipalities with bioenergy systems
- 1,489 municipalities that make use of hydroelectric energy
In the coming years, the path promises a strong acceleration. The Italian Elettricità Futura 2030 Plan, in fact, aims to connect 85 GW of new renewable energy to the grid, bringing the electricity mix share to 84%. While increasing production is a meaningful step, it cannot achieve the goal of sustainability and energy autonomy alone. Producing energy is crucial, but so is storing it.
That's why energy storage has emerged as a critical sector of the transition.
Once the 50% penetration of renewables in the system is surpassed, the need for storage becomes exponential, and electrochemical batteries -which have short release capacity- will be important but not sufficient. There will be an increasing need for weekly and seasonal storage systems. What is now emerging, therefore, is a scenario where multiple innovations coexist, forming a cluster of various energy technologies that must work together to build the infrastructure of the future.
MGTES - a sand-based Energy Storage solution.
Among the different storage systems, there is an innovation entirely Made in Italy: MGTES - Magaldi Green Thermal Energy Storage. The new "sand batteries" patented and developed by the Magaldi Group, are now produced on an industrial scale at our plant in Buccino, in the province of Salerno, Italy. The system can be charged with excess electrical and thermal energy, stores it for an interval ranging from 4 to over 10 hours up to weeks (Long Duration Energy Storage) with very limited losses; and then discharges it on demand, when solar and wind are not available. In this way, the system allows for the storage of stores renewable energy when it is in surplus and releases green thermal energy for industrial consumption, balancing the existing imbalance between demand and supply and contributing to stabilizing the grid. The sand fluidization system has significant advantages:
- large thermal storage capacity (up to several GWh)
- high thermal efficiency
- fast response times
- no environmental impact thanks to the use of natural materials
Each MGTES module can store 50 thermal MW and generates high-temperature steam, starting from 150-400 degrees, necessary for energy-intensive industries (paper, food & beverage, chemical, plastic).
Majority of industrial heat demand globally met by fossil fuels.
Globally, 70% of the industrial sector's energy demand is still required as heat, mostly in the form of steam to power various industrial processes, and about 90% of this demand is met with fossil fuels. Long-duration energy storage systems are essential to ensure continuity in the use of energy from renewable sources and thus overcome the intermittency due to weather conditions. The sand fluidized storage systems developed by Magaldi Green Energy offer a promising thermal storage solution to address this challenge.
Only the optimism of knowledge will help us to cope with Eco-Anxiety
25 October 2023
In a world gripped by eco-anxiety, the ever-pressing issue of climate change looms large. The dire warnings and distressing images of a planet in peril can leave us feeling overwhelmed and powerless. However, it's essential to remember that even in the face of such formidable challenges, there is room for optimism.Read More
The renewable, decarbonization “therapy” for EU (and Italian) fossil fuels addiction
20 October 2023
Decarbonizing the future: how fast is the energy transition in Europe and Italy towards the abandonment of fossils and decarbonization progressing?Read More
Total Renewable Energy, hints for a possible world
02 October 2023
Climate change is not merely a subject for debates among scientists or discussions over Sunday lunch. It is an issue that will shape the future of every living being on this planet. Collaboration, innovation, and the integration of Artificial Intelligence with energy storage techologies and renewable sources in our journey toward a world free of fossil fuels are the topics of the Massimiliano Masi's novel "Total Renewable Energy".Read More
Unlocking the global energy transition with LDES Long Duration Energy Storage technologies
01 September 2023
Ever heard of Long Duration Energy Storage tech? They're the key to turbocharging the global energy transition. As we face the pressing challenge of reducing greenhouse gas emissions and transitioning to cleaner energy sources, long duration energy storage technologies offer a crucial solution to fight global warming issues.Read More