The European electricity storage market has seen an impressive growth over the past two years. Whereas in 2015 some 300MWh of battery storage capacity was newly installed, just two years later in 2017, more than 700MWh was added. Delta-ee’s Valts Grintals gives you some highlights and pinpoints some recent trends across the continent.
The start of construction on India’s largest energy storage project is not only of strategic importance to regulators, but could also drive another wave of utility-scale projects in India, the chief of the country’s storage Alliance has said.
The World Bank plans to make energy storage an integral part of its ‘Scaling Solar’ program, that until now has been focused purely on facilitating large-scale solar tendering, predominantly in Africa.
Leaders in the fledgling commercial and industrial (C&I) sector in the US have made energy storage ‘as-a-service’ the core of their proposition, a market analyst has said.
Median bids received by US utility Xcel Energy in a solicitation for energy resources for energy storage paired with solar came in at US$9 per megawatt lower than the previously observed record.
Trade associations NY BEST and the Energy Storage Association have been quick to applaud New York Governor Andrew Cuomo’s historic setting of a 1,500MW energy storage procurement target for his state.
Dr. Rahul Walawalkar of the Indian Energy Storage Alliance also predicts at least two lithium-ion cell manufacturing plants of 500MWh+ capacity to start construction in India this year.
Well, we seem to say it at the end of every year, but 2017 seemed a lot busier than 2016, 2016 was busier and more exciting than the year before that, and so on! There have been some hints already on what the industry and its observers expect to see in 2018 and we do not doubt energy storage will continue in its rise to become a flexible cornerstone of the world’s electricity infrastructure. In the meantime, let’s reflect on the top news stories of last year, as reported by Energy-Storage.News and based on readership statistics from you:
While acknowledging that the economics “vary significantly” by region and application, Navigant Research has forecast that energy storage for integration of renewables and co-located with solar or wind could be worth more than US$20 billion by 2026.
