Energy storage may prove to be the key bulwark against the so-called value deflation of solar expected as it achieves higher levels of penetration, according to an analyst at GTM Research.
The number of installed stationary battery energy storage systems (BESS) is growing significantly. According to recent estimates, today’s annual global market volume of about US$1 billion is expected to increase more than twentyfold in less than 10 years, reaching a staggering US$20–25billion by 2024. Florian Mayr of Apricum Consulting looks at this growth in the context of specific use cases for storage in two of its most advanced regional markets, the US and Germany.
German trade association BSW Solar has called for an extension to the country’s PV energy storage incentive programme.
John Grimes of Australia’s Energy Storage Council writes a summary of the recent Global Energy Storage Market Overview & Regional Summary Report which was issued to his group’s members in October. The report looks at many of the big trends and activities driving the space forward.
Germany’s market-leading residential energy storage system maker Sonnenbatterie is to enter the UK residential energy storage market with its lithium-ion storage system Sonnenbatterie eco.
Energy storage manufacturing is the fastest growing business unit for tool maker Manz, the company has told PV Tech Storage.
Tesla boss Elon Musk has claimed that his company is already sold out of stationary storage products for next year before the first ones have even been shipped to customers.
Investment giant Goldman Sachs will invest US$150 billion in renewables by 2025, including energy storage as a key part of this commitment, it has said.
Saft wins deal with Saudi Arabian industrial giant, Swiss college adds battery to smart grid research and an energy storage caucus hits Capitol Hill.
One research firm has welcomed predictions from a think tank that Germany’s electricity network could cope with the addition of “huge amounts” of solar-plus-storage and even benefit, but also agreed that policy changes will most likely be required to enable that scenario.
