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.
A UK initiative to provide codes of best practise in the selling and installation of PV systems paired with electricity storage is underway, with authors of a guide seeking consultation from stakeholders.
US analysis firm GTM Research has published the latest commentary to highlight significant potential in Australia for energy storage, driven by the success of its PV industry.
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.
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.
