The increasing amount of PV installed in combination with electrical storage options is bucking the trend in the opposite direction for overall residential solar installations in Germany.
The use of energy storage to increase renewables integration and provide stability to the grid requires the removal of regulatory barriers, rather than increased direct funding, according to one expert on the German market.
E.ON, the German utility giant with 61GW of generation assets, has announced plans to split its business in two. The company will stake its future on renewables in a major restructuring, spinning off its conventional power generation business, in part as a response to the growth in distributed generation. Cosmin Laslau of Lux Research digs deeper.
Investment bank Citigroup is predicting a 240GW global battery storage market worth US$400 billion by 2030 as increased deployment creates a “virtuous circle” of falling costs.
Bosch, BMW and Swedish state-owned power company Vattenfall have begun the latest attempt to harness the potential of batteries used in electric vehicles (EVs) to provide stability to electrical grid infrastructure.
The growth of technologies such as PV and storage will hit utility company revenues to the tune of US$130 billion a year within a decade, according to a study published yesterday by management consultancy Accenture.
US utility company Southern California Edison (SCE) has announced that it will procure 261MW of grid-connected storage capacity from a handful of suppliers, after a competitive solicitation process.
The emerging availability of storage and smart-grid technologies allows communities to meet their energy demands locally. As Andrew Jones of S&C Electric writes, community-owned micro-grids will become an increasingly important element of the future energy system.
Energy storage has been touted as the enabler of high levels of intermittent renewables in the electricity system – the silver bullet or Holy Grail for solar and wind. A key attribute for the technology’s deployment will be scalability, writes Melissa Lott.
California governor, Jerry Brown, is expected imminently to sign off new legislation extending a funding programme said to be a vital lifeline for the state’s nascent energy storage sector.