Highly efficient distributed generation and high-capacity energy storage

With the growing amount of decentralized power production the design and operation of the grid has to be reconsidered. New problems include the two-way flow of electricity and maintaining the power balance given the increased amount of uncertain and fluctuating renewable energy sources like wind and solar that deliver electricity to the grid. on directions are the development of smart grids, demand side management, virtual power plants and storage of electricity. These are directions that, rightly so, are already attracting a lot of attention and R&D funding. In this paper critical issues are identified and specified. However, we will also explore new solution directions based on an integrative approach as proposed by the Dutch Royal Academy of Science foresight committee on renewable energy conversions. These alternative solutions include flexible coproduction and local production of chemicals and fuel that can also fulfill a storage function.