It is sometimes said that as of today there is no business case which delivers economic viability for decentralised residential battery storage systems owned by private end customers- without subsidy programmes- or they propose other solutions which offer higher benefits. Despite the discussion, the market already offers a variety of storage solutions which seem to be well accepted by the end-customer. Volker Wachenfeld of SMA explains the contrast.
For decades Australia has been at the forefront in deploying renewable energy, coupled with energy storage solutions, in off grid and fringe of grid areas across remote Australia. Many communities have transitioned away from polluting and expensive diesel generators and now use reliable and sustainable renewable energy and energy storage solutions. But it is only now that the full impact of lower energy storage costs are becoming clear, writes John Grimes of the Australian Energy Storage Council.
E.ON, the German utility giant with 61GW of generation assets, has announced plans to split its business in two. The company will stake its future on renewables in a major restructuring, spinning off its conventional power generation business, in part as a response to the growth in distributed generation. Cosmin Laslau of Lux Research digs deeper.
Energy security is a growing concern for economies across the world with electricity outages currently costing economies billions of dollars annually, driving electricity prices up. The US experienced nearly 700 power outages caused by severe weather between 2003 and 2012, costing the country up to US$70 billion annually.
Will the Indian battery market scenario witness a major change? As the power supply in the country continues to be unreliable, the role of batteries has to change from being an emergency back-up solution to a long time power/energy storage solution.
Just 3–4% of electricity generated by utilities globally is stored today, according to the International Energy Agency. This is despite the fact that storage can help overcome the energy ‘trilemma’ of curbing rising energy prices, the need to ensure the security of supply and creating a low carbon economy. So, what’s the hold-up? Taking the UK as his starting point but with lessons transferrable to other regions, Roger Lin of NEC Energy Solutions explains and counters some of the myths that stand in its way.
Covering the energy storage market has been an interesting – if occasionally bumpy – ride so far and we can expect it to be an even more vibrant and action-packed space from here on in. From the top five most-read news stories to some great interviews via our regular guest blogs, we’ve rounded up some highlights from our year.
In the second part of his exploration of the areas of the world taking a lead in supporting the deployment of storage, Andy Colthorpe looks at Germany, Japan and Puerto Rico.
Parallels are frequently drawn between the nascent energy storage business and solar 10 years ago – that it needs strong policy direction to take off. Andy Colthorpe profiles some of the areas emerging as world pioneers in supporting the deployment of storage.
Dean Frankel of Lux Research blogs about utility Southern California Edison’s recent 235MW award of battery-based energy storage projects, a decision which surpassed their 50MW requirement by some distance and was described as “monumental” by one trade advocacy group when it emerged. Frankel examines the procurement in detail and looks at some of the questions that remain as-yet unanswered by the announcement.