EVALUATION OF BEST PRACTICES IN ENERGY STORAGE, ENERGY EFFICIENCY, AND INTEGRATION OF RENEWABLE ENERGY SOURCES

Keywords: renewable energy sources, economic policy, energy efficiency, energy storage, national security

Abstract

Modern society faces the challenge of preserving and restoring the environment. Against the backdrop of ever-increasing energy demand and limited resources, finding innovative and efficient methods of integrating renewable energy sources is undoubtedly important. In this context, it is essential to pay attention to technological solutions and find new balanced practices that can consider most of the aspects necessary for society. Energy storage capacity must be developed appropriately to integrate renewable energy sources further. This issue is becoming increasingly important for countries seeking to reduce harmful emissions and preserve the environment. The aggravation of the energy crisis, social challenges, destruction of energy facilities, and national security challenges require the transformation of economic policy and the implementation of optimal solutions, new approaches and practices, as well as various technologies for energy storage and energy efficiency. The article aims to study and evaluate the experiences of different countries in energy storage, energy efficiency, and the integration of renewable energy sources. The article discusses current trends in energy storage and energy efficiency measures and highlights key challenges and prospects for the future development of the energy sector. Based on the material studied, it can be concluded that energy conservation plays a vital role in the global context. This article allowed us to explore key aspects of these processes and highlight the latest technological solutions for energy storage. The results of the work showed that countries with a high share of variable renewable generation are actively implementing mechanisms to balance the power system and have significantly developed their energy potential through the use of renewable energy sources. In recent decades, significant developments have occurred in using renewable energy sources. Energy storage facilities can stabilize the grid while increasing the flexibility of the power system, thus playing a crucial role in integrating renewable energy sources.

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Published
2024-12-30
How to Cite
Kolosok, S., Shymoshenko, A., & Saher, L. (2024). EVALUATION OF BEST PRACTICES IN ENERGY STORAGE, ENERGY EFFICIENCY, AND INTEGRATION OF RENEWABLE ENERGY SOURCES. Economy and Society, (70). https://doi.org/10.32782/2524-0072/2024-70-106
Section
ECONOMICS