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“The bottom line is that this is a good business decision. We will get back our money in eight to 10 years at the current price of power. As the price of energy goes up, we’ll pay it back even quicker.”
Islands are particularly vulnerable to the impacts of natural disasters such as hurricanes. John Merritt of Ideal Power looks at some of the emerging solutions to building more resilient energy systems through the deployment of microgrids that combine multiple energy generation and storage technologies.
Ideal Power, the US company best known for its power conversion systems for energy storage, has announced two recent project orders totalling 1.6MW in northern Texas and in California.
A programme to modernise New York’s energy system will lead to the state’s biggest ‘virtual power plant’, with PV system owners invited to join a pilot of aggregated solar-plus-storage systems.