A US company which analyses Big Data for energy applications has claimed a world first with its involvement in a Dutch project to integrate multiple distributed energy resources into a single system.
James P McDougall, CEO of Younicos blogs on the possibilities of establishing a solar-oriented baseload – and why his company is convinced of the scaling potential of utility-scale batteries.
Energy storage is already competitive in a number of mainly grid-based applications, while lithium-ion battery prices could fall by as much as 50% in the next five years, financial advisory and asset management firm Lazard has found.
Steag, a major power generator which constructs, plans and operates power plants, is spending US$100 million on acquiring 90MW of large-scale energy storage to help stabilise Germany’s grid.
Top names have signed up to support the Energy Storage division of PV Tech Storage’s publisher Solar Media, which has launched a series of events and media activities for next year, targeting the UK’s nascent industry.
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.
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.
A large-scale energy storage system aimed at integrating renewables into electricity networks has been completed on the Hawaiian island of Kaua’i, paired with the state’s biggest PV array to date.
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.
