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Space cooling Currently, out of a total of 400 TES projects identified by IRENA at the end of 2019, around 160 projects amounting to over 13.9 GWh of installed TES capacity are used for cooling in buildings and district cooling systems. This number may increase rapidly in the coming years, especially in some emerging economies where temperatures are reaching extreme levels and further advanced and large-scale cooling technologies are being adopted. TES can assist power system operators by ensuring lower system costs and higher integration of VRE via additional demand-side management capabilities. As Figure 5 shows, an estimated doubling in global deployment of cooling TES is required to meet cooling demand in 2030, with required investment in the next ten years of about USD 560 million to USD 2.82 billion. Heating District heating applications make up the largest share of the current installed capacity of TES for heating, due to the use of aquifer TES (ATES) and borehole TES (BTES) with large volumes. Approximately half of current district heating projects use between-season storage (Figure 6), a special benefit that TES technologies bring to the energy system. Figure 5: Installed and projected capacity of TES for space cooling at a global level 30 25 20 15 10 5 0 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Transforming Energy Scenario (TES) 2029 2030 Planned energy scenario Figure 6: Installed capacity of TES for heating applications 53% 46% 1% Heating TES (total capacity: 199 GWh) 49% is seasonal storage Buildings District heating Industrial 20 INNOVATION OUTLOOK GWhPDF Image | THERMAL ENERGY STORAGE Outlook
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