Power outages pose great risks for corporate bottom lines and many have already suffered the economic brunt of unforeseen weather and grid events in 2018. Battery energy storage can be a versatile actor in networks, bringing resiliency as well as energy efficiency and economic benefits, writes Lisa Laughner, CEO of Go Electric.
The market for power conversion systems (PCS) used in energy storage is becoming “increasingly crowded” with competitors, while the diverse field of players will contribute to “rapid technological innovations and price reductions”, Navigant Research has said.
Redox flow energy storage systems, earmarked by Navigant Research to be one of the fastest growing electrochemical storage technology sets over the next decade, are being deployed in recent or upcoming projects by Cellcube Energy Storage Systems and Redflow.
Energy storage can be an extensive value enabler for existing customers of UPS systems, while attracting new commercial and industrial (C&I) users into the space, a spokesman for Vertiv has said.
A US government energy saving scheme will pay out US$40 million for the development of a solar-plus-storage microgrid at a missile test site operated by the country’s military.
Legislation proposed in Florida could see solar and energy storage become part of the go-to solution for providing energy resiliency against natural disasters and helping restore power in their aftermath.
