The energy transition encompasses three broad market trends: decarbonization and decentralization of energy production, vehicle electrification. All of them have, to different extents, BESS (Battery Energy Storage Systems) in common.
BOSTON, MA – January 28, 2016 – Distributed storage for solar systems will be worth $8 billion in 2026 as solar combines with storage in order to continue its remarkable growth, according to Lux Research. Solar-plus-storage is a key necessity for solar to overcome limitations like intermittency and the lack of power after dark.
German utility E.ON is targeting potential revenues of 12 billion euros ($13 billion) by 2020 from developing energy storage applications across the residential, utility-scale and commercial & industrial (C&I) segments in Europe and the United States, said Eliano Russo, E.ON’s vice president, energy storage - batteries.
Energy storage costs could decrease up to 70% in the next 15 years, according to a report called E-Storage: Shifting from Cost to Value, by Paul Gardner from DNV GL and other authors. PriceWaterhouseCoopers also contributed cost analysis, along with inputs from 23 experts.
In what might be the first epic mic drop ever to grace the pages of the journal Nature Climate Change, a group of researchers just announced that we don’t, in fact, need fancy energy storage technology to go renewable by 2030.
In this interview, we speak with Florian Mayr, principal and head of the energy storage practice at Apricum – The Cleantech Advisory, to better understand the solar-plus-storage business case landscape today in Europe, where it is headed and the critical factors for success.
Over the past two years, Green Charge Networks and Stem have been racing each other for the title of top behind-the-meter battery startup -- and for funding to back their no-money-down deals for customers.
EITHER THE EPA or the groups opposing its Clean Power Plan will enjoy a victory early in 2016, but the CPP's ultimate fate likely won't be decided for two more years. The year also will see natural gas and coal continue their ascension and decline, respectively, in the pantheon of U.S. generation fuels.
These last years have seen a huge growth in the renewables sector, including solar energy. IHS predicts that PV installations with storage attached will grow from just over 200 MW in 2014 to 3.5 GW in 2018, according to its ‘The Role of Energy Storage in The PV Industry’ report. But if renewable energy wants to continue its increasing development and large scale deployment, additional tools and technologies are needed.