We live in a time of unprecedented growth and change. Technology and innovation continue to accelerate, and touch almost every aspect of our lives.
This brings countless benefits, but also creates uncertainty about the future. One of the biggest questions surrounds climate change. While the world demands more energy to fuel its rapid growth and lift people out of poverty, it’s also demanding fewer emissions and a path to a low carbon future.
At BP, we embrace this dual challenge. For more than 100 years we have looked to the future, adapted to the world’s ever-changing needs and met challenges like this head on. At BP we don’t just produce energy, we advance it.
Simply put, technology is ever present in all we do – unlocking innovation to drive efficiencies, unearth new possibilities, and advance BP’s role in the energy transition. Our Technology Futures team is at the heart of this, providing scientifically and economically underpinned insights and understanding.
Based on the previous Network Challenge on longer term energy storage, BP have identified several storage technologies which could be interesting for medium to long term (1 to 100 cycles per year). Each of these technologies differ in costs, outputs (power and/or heat), scales, scalability, energy storage densities, round-trip efficiencies, technology readiness levels, and other performance indicators.
In this forum BP would like the experts to discuss how they could systematically assess different energy storage options. For example, what would be the most important performance indicators to track? What regional characteristics could change the relative importance of these indicators? Are there any trigger points BP should look for that might change their thinking? And so on.
Technology categories BP saw in the previous challenge included; compressed air, electrochemical, thermal (sensible heat/latent heat/thermo-chemical) and chemical (as hydrogen or ammonia).
This is a closed challenge to individuals who have been identified as experts during BP’s previous Network Challenge.
At the end of the challenge, BP would like to invite individual(s) with the most insightful contributions to this challenge to provide their expert perspectives on the outcome of an internal study. BP Technology Futures is planning an energy storage deep-dive study in the second half of 2019.
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