Business Chief APAC+ANZ Magazine May 2018 | Page 48

TECHNOLOGY

it requires a fresh look at our energy storage mix .
By investing in energy storage technologies that complement battery power , such as ultracapacitor technology , we can manage peak power needs . Ultracapacitors are one of the lowest cost solutions to helping with grid stability , and can play an integral role in supporting the national grid and managing power demands .
Wide-scale electric vehicle charging creates serious issues with demand management , which can potentially cause power blackouts . These blackouts are caused mostly by short demand peaks , which usually last under a minute . This is precisely where ultracapacitors excel . As part of the grid solution , ultracapacitors can provide a means to ensure there are no blackouts during sudden changes in demand .
On board vehicles , the technology should be evaluated and used in tandem with lithium-ion batteries in order to downsize the pack and increase the battery lifetime . By introducing capacitive technology to the power unit , it is possible to reach longer lifetimes and support the peak power needs of electric vehicles . However ,
48 May 2018