As energy system modernisation and decarbonisation progresses, energy storage could represent between 10% and 25% of India’s total installed power capacity by 2050, while other countries in South Asia including Bangladesh, Nepal and Bhutan also have “significant opportunities” for energy storage.
The rapid acceleration in energy storage deployment expected over the coming years will require innovation in the quality and safety standards underpinning new battery and associated technologies. VDE’s Jan Geder looks at the technical work underway to ensure the coming storage boom has firm bankability and insurability foundations.
While energy storage can be considered “critical” to Australia’s transformation to a distributed, low carbon energy mix, a lack of investment and planning for the technology could have negative consequences for the network.
There is no economic benefit from installing energy storage with solar PV in UK homes, a new study has suggested, adding that the cost of battery degradation would cost homeowners £400 (US$518) in the first year.