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.
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.
Lux Research published 2015’s fourth quarter update to its Grid Storage Tracker earlier this month, tracking every stationary deployment of advanced energy storage globally. Dean Frankel, research associate at Lux talks through some of the headline findings and big trends and explains why it has been a “monumental year” for energy storage.
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.
The UK’s Institution of Civil Engineers (ICE) has publishing a report which looks at how unlocking the potential of electricity storage through regulatory changes would support the transition to a secure and affordable low carbon economy, adding to a chorus of recent voices on similar topics coming from Britain.
The UK government could deliver cheaper electricity bills to households and businesses by pursuing a decentralised energy strategy with solar and storage at its centre, a new report co-ordinated by major consultancy group KPMG has claimed.
Energy storage is likely to be a near future “game changer” for Australia and could make the country the world leader in solar-plus-storage, a new report claims.