The value of a front-of-meter battery energy storage system in California could be doubled or even trebled, by adding more than one revenue stream to the project, a new report says.
Utility E.ON and battery storage engineers redT have partnered to install a demonstration solar-plus-storage system at the HQ of warehousing and logistics firm JB Wheaton in Somerset, England.
Reports that a grid operator in France has found battery-based energy storage “too costly” to be used to integrate renewable energy have been criticised by a spokesman for energy storage developer Younicos.
A US regional electricity transmission and distribution operator’s plan to install energy storage batteries could enable ‘benefit stacking’ as a way of overcoming “crippling challenges” faced by energy storage, according to one energy expert.
The US market for solar-plus-storage is predicted to grow more than twentyfold in the next three years, rapidly expanding from US$42 million in value this year to US$1 billion by 2018, according to GTM Research.