The role and value of inter-seasonal grid-scale energy storage in net zero electricity systems

Grid-scale inter-seasonal energy storage and its ability to balance power demand and the supply of renewable energy may prove vital to decarbonise the broader energy system. Whilst there is a focus on techno-economic analysis and battery storage, there is a relative paucity of work on grid-scale energy storage on the system level with the required temporal resolution. Here, we evaluate the potential of power-to-gas-to-power as inter-seasonal energy storage technology. Our results suggest that inter-seasonal energy storage can reduce curtailment of renewable energy, and overcapacity of intermittent renewable power. Importantly, grid scale energy storage assumes a critical role especially when the technology options for dispatchable power are limited. It appears that neither high CAPEX nor low round-trip efficiency preclude the value of the technology per se , however the rate of charge and discharge of the technology emerges as key technical characteristic. This study emphasises the rising importance of balancing seasonality in energy systems characterised by a high penetration of renewable energy, and prompts questions regarding sector integration and resilient decision-making toward a zero-carbon economy.