While the renewable energy industry has suffered significant blows such as loss of employment during the COVID-19 crisis, venture capital (VC) funding into the battery energy storage sector in the first quarter of this year nonetheless saw a significant increase over the previous year’s equivalent period.
With a quarter of all solar project proposals in the US including batteries, transmission grid operators across the country are taking a variety of steps to evaluate the role that can be played in wholesale electricity markets by hybrid power plants – defined as generation coupled with energy storage.
Mini-grids offer a quick route to electrification in parts of the world where grid extensions are unfeasible. Baptiste Possémé looks at the some of the technological and regulatory trends influencing the deployment of mini-grids in Africa and Asia.
Despite a subdued year in 2019 and a challenging start to 2020 caused by the COVID-19 outbreak, the outlook for energy storage remains strong, says Julian Jansen of market research group IHS Markit, taking a deep dive across segments and geographies.
The upstream segment of the US energy storage industry is expecting “more widespread and greater revenue declines” and bigger reductions in employment in the first quarter of 2020 than the downstream, a survey by the national Energy Storage Association (ESA) has found.
With everything going on right now around COVID-19, there has been an increase in installers’ and customers’ desires for information. Aric Saunders of Electriq Power, based in California, goes back to basics to support the large group of installers that are just now trying to get into the storage business.
A survey of COVID-19 impacts on China Energy Storage Alliance (CNESA) members has underscored their faith in recovery, despite the worries over income and liquidity reported by nearly 80% of respondents.
Home batteries in a South Australia delivered significant revenues from their first six months of participation in a virtual power plant to help balance the grid, even with only an initial 1MW – 2MW of aggregated customer systems participating.
Realising the theoretical promise of solar-wind-storage hybrids is far from straightforward, with individual projects likely to vary considerably. Ben Willis examines some of the technical complexities of combining different technologies into a single, profitable entity.
An optimal power system portfolio for the US state of California that would drive the world’s fifth largest economy towards greenhouse gas reduction goals for 2030 and then to zero carbon by 2040, includes 1GW of long duration energy storage.
