Just 3–4% of electricity generated by utilities globally is stored today, according to the International Energy Agency. This is despite the fact that storage can help overcome the energy ‘trilemma’ of curbing rising energy prices, the need to ensure the security of supply and creating a low carbon economy. So, what’s the hold-up? Taking the UK as his starting point but with lessons transferrable to other regions, Roger Lin of NEC Energy Solutions explains and counters some of the myths that stand in its way.
A 1MWh battery developed by US manufacturer Aquion Energy and installed at a private estate in Hawaii will allow the area’s residents to meet almost all of their electricity demand with power generated from a connected solar array.
Electronic systems provider AEG Power Solutions has officially launched the prototype of a new lead-acid battery based energy storage system in Spain, which will integrate renewable energy output and manage loads effectively.
The Australian government’s renewable energy division will trial the capabilities of on-grid energy storage to maximise the value of rooftop solar, announcing yesterday that it will provide funding for a trial by energy storage specialist Reposit Power.
Infrastructure and engineering firm Black & Veatch and power conversion system maker Dynapower have signed an agreement to collaborate on energy storage, with a focus on grid-scale technologies.
LG Chem and Siemens have announced the signing of a deal to “collaborate more closely” on grid-stabilising energy storage systems, which will include work on Siemens’ Siestorage solution for grid integration of renewable energy.
