The energy storage industry continues to show massive growth, and as innovative technology emerges, companies focusing on decarbonisation approaches will place emphasis on sustainable batteries.
FREMONT, CA: Energy storage will continue to be a key tool for businesses seeking to decarbonise. Companies are turning to cleantech, such as renewable energy, electric vehicles (EVs), and green buildings, to meet their sustainability objectives. These depend on batteries and other energy storage technologies to ensure their effectiveness and reliability. One of the key trends in this push toward sustainability is energy storage solutions, such as batteries, with lower resistance to environmental footprint problems.
For example, emissions associated with the battery footprint used in an organisation's facilities are included in the carbon accounting for their operations. In the Greenhouse Gas (GHG) protocol, energy storage systems come under scopes 1 and 3.
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Considering scope 1 emissions is often easier as much data is available within companies. On the other hand, scope 3 emissions are more difficult to account for because they occur from the activities of assets that are neither owned nor controlled by the reporting entity. These emissions generally rise from an organisation’s supply chain and their assets’ life cycle ends, contributing to 95 per cent of a company’s carbon emissions. Therefore, if scope 3 emissions are excluded from carbon accounting, most of their footprints remain unreported.
Enterprise reporting on their scope 3 emissions stands out from their competitors who lag behind in their disclosure and can identify and focus on areas for improvement within their supply chain. Leaders highlighting and emphasising scope 3 are also better equipped to manage existing and potential regulations.
The demand increases immediately for disclosure of scope 3 emissions combined with energy storage systems. This exposure includes data on their GHG, energy, water, and volatile organic compound footprints for batteries. Fortunately, recent research helps users make quantitative comparisons across battery chemistries. In energy-heavy industries like data centres, where facilities strive to showcase their sustainability, this provides a key opportunity to stand out by reducing scope 3 emissions via battery choices.
Energy storage has built its role in the clean energy transition, and the significance of sustainability is ubiquitous. However, the increase in attention to the environmental footprints of these energy storage technologies is interesting to businesses. Companies cannot rely on surface-level decisions to set and meet their climate targets. As the role of storage in decarbonisation strategies increases, the importance of choosing the most suitable batteries is also growing.
This sustainability trend will further intensify, and the desire for more sustainable batteries will spark the new chemistries' explorations, allowing developers and users to take new approaches to their operations. They will hold true across different industries as energy storage becomes more widespread. As new technologies emerge and compete, sustainability trends are expected to bolster the value of the efficiency and energy storage industries.