Navigant Research has created a definition for virtual power plants (VPPs) in the course of creating a market report which finds that nearly 4GW of such projects are already in operation, with rapid growth forecasted over the next decade.
Analysis claims decarbonisation will require overall costs of US$4.5trn, US$2.5trn of it storage-related, as well as longer timeframes and leniency with natural gas and nuclear.
This year has already seen “significant acceleration” of activity in the global grid-connected energy storage market, with 4.3GW expected to be deployed this year, analysis firm IHS Markit has said.
Commercial and industrial (C&I) energy storage in Europe, described by one analyst as “beginning to take off”, is the “most exciting” segment of the market at the moment, according to BYD’s global service partner.
VC funding for energy storage projects increased significantly, while debt and public market financing remained “steady” during 2017, Mercom Capital has found.
Four projects have been awarded £42 million (US$59.6 million) of UK government money between them to conduct research aimed at overcoming battery challenges, mainly focused on electric vehicles.
To date, Primary Control Reserve (PCR) has dominated the energy storage debate in Germany with more than 100MW of battery storage installed in 2016 alone specifically for participating in the PCR market. At the same time, with close to 25,000 systems sold in 2016, residential storage has been stealing the limelight in the behind-the-meter segment. Julian Jansen of Delta-ee looks at how his team expects the commercial and industrial (C&I) segment to start catching up.
There have been modest year-on-year increases in the number of PV installers in Germany and the UK offering energy storage to their customers, according to a survey by EUPD Research.
Powin Energy will supply a 30kW/40kWh battery system for the University of Washington’s Clean Energy Institute.
The US Department of Energy (DOE) and the Indian Ministry of Science and Technology (MST) have committed new funds for research on energy storage and smart grids under the US-India Partnership to Advance Clean Energy Research (PACE-R) for US$30 million.
Andy Colthorpe and Ben Willis profile some of the companies and technologies making waves in the fast-changing world of stationary energy storage, in a feature article which originally appeared in the seventh issue of PV Tech Power.
Roundup: A third of US PV installers offer storage and 26% more could join them this year, China’s BYD signs up with UAE’s Masdar, Sunvault and Aboriginal Power’s ‘self-sustaining’ community project.
Utilities will “embrace energy storage” this year, while the development of standardised contracts and aggregated behind-the-meter storage are expected to take the energy storage world by storm, according to Navigant Research.
The US Department of Energy is to fund six projects trialling the combination of solar and energy storage.
This year will be the one when “PV energy storage systems (PVESS) make an enormous leap toward wide-scale adoption”, according to research firm IHS.