An Overview on Classification of Energy Storage Systems
Classification of energy storage systems. These fundamental energy-based storage systems can be categorized into three primary types: mechanical, electrochemical, and thermal energy
Total electricity generating capacity in Saint Lucia is about 93 MW. Fossil fuel-based generating capacity, operated by St. Lucia Electricity Services, Ltd. (LUCELEC), amounts to 88.4 MW, about 95 percent of total electricity generating capacity. Installed generating capacity from renewable energy is 4.7 MW, of which LUCELEC operates 3 MW.
Petroleum products account for about 92 percent of Saint Lucia's primary energy supply.6 The remaining 8 percent of primary energy supply comes from renewable energy sources, mostly from solar energy.
Major international financial institutions that have affirmed commitment to “green finance” and could be possible sources of financing for Saint Lucia's energy transition, are: the World Bank, the Inter-American Development Bank (IDB), the Development Bank of Latin America (CAF), and the Caribbean Development Bank (CDB).
Moreover, Saint Lucia is estimated to have huge geothermal resource potential, about 680 MW. However, this potential is in the early stages of evaluation. The estimated potential for wind energy in power generation is 42 MW.
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