This is a summary of the Energy Security Scenarios report made by Shell. Shell created 3 different energy scenarios - Waves, Islands and Sky 1.5. Each of these was built around possible approaches to climate change action as the world emerged from the COVID-19 pandemic. Waves - Waves assumed that society would prioritize repairing the economy. In Waves this focus on wealth pushes other societal and environmental pressures into the background, until their relative neglect provokes backlash reactions.

Background on ERCOT ERCOT manages the flow of electric power on the Texas Interconnection that supplies power to more than 26 million Texas customers – representing approximately 90% of the state’s electric load. As the independent system operator for the region, ERCOT dispatches more than 680 generating resources to reliably deliver power to customers over more than 46,500 miles of transmission lines. The performance of the markets in ERCOT is essential because those markets coordinate the commitment and dispatch of generating resources, manage flows over the transmission network, and establish prices that guide participants’ decisions in the short and long-term.

Energy storage has been around for a long time. Alessandro Volta invented the battery in 1800. Until recently, Batteries used to provide power at those locations where no grid connection is present, like for starter motors cars, mobile phones, laptops and other electronic devices or for emergency power or computer servers. With the last innovations in the energy storage industry, it is clear that energy storage technology and solutions will become crucial element in our life.