This study doesn't correct for baseline exponential decay due to inflation, to better highlight the meaningful variations. By comparing based on 1914 dollars it also causes old variations to be relatively more extreme and newer inflationary events to look less extreme. You must compare apples to apples.
Finally the events are quite cherry-picked. It is a conclusion looking for a result, when the statistical reason for choosing those 4 events simply isn't evident when you look at the data itself. There is no mathematical rule you could apply to your dataset that would distinctly highlight those 4 periods.
Batteries are an expensive solution that doesn't scale well at the grid level. It is useful for grid stability (fast frequency response) but simply a non-starter when you're dealing with national grids.
Batteries are an added cost to the system, without producing more electricity, and as a result prices will go up.
A far cheaper source of flexibility is Demand Side Response. Particularly data centres that are willing to be market actors. Compute can happen anywhere, so it should happen where the wind blows and the sun shines. It is cheaper to transmit bits than Megawatts.
Gas power generation is a necessary evil to balance out the variability of intermittent energy generation (i.e. wind and solar).
Hydropower isn't a feasible alternative because the easy resources have been developed.
The only alternative source of flexibility available today is demand side response.
Edit: I appreciate the down votes, as I've not explained in detail. It is a complex issue. My opinions are based on having a phd in the topic, 10+ years in control rooms, years of market operations and design, and years contributing to europe-wide risk assessment methodologies.
I'm sorry, but this blogvertisement is so far up its own jargon hole that it is impossible to read it as anything more than: "we are inventing a problem that you can pay us to solve".
> The storage tech exists and is in practice right now, no advancements needed.
The existence of the tech isn't the issue, it is the logistics, cost and practicality of building it at grid scale. If you try to calculate how many batteries you'd need to store the equivalent energy of a hydro reservoir, or one hour of a nuclear plant, then try to estimate the land required, you'd quickly discover how intractable the issue is.