Carsten Reincke-Collon of Younicos continues his look at the potential – and limitations – of using blockchain in the energy system. This second part covers how energy storage and storage management software could be the key to the ‘puzzle’.

A new report from Bloomberg New Energy Finance (BNEF) details how more than US$8 billion will be invested in new-build energy storage in the year 2024, driven by an increase in deployment of behind-the-meter storage.

Reports that a grid operator in France has found battery-based energy storage “too costly” to be used to integrate renewable energy have been criticised by a spokesman for energy storage developer Younicos.

Residential solar will be sold almost exclusively in bundled energy systems that include storage and energy management components within a “couple of years” the CEO of Enphase has predicted.

Aggregating connected energy storage systems to create ‘virtual power plants’ is likely to become a big part of the next phase of storage, according to the executive director of the US-based Energy Storage Association.