If we want a shot at transitioning to renewable energy, we’ll need one crucial thing: technologies that can convert electricity from wind and sun into a chemical fuel for storage and vice versa. Commercial devices that do this exist, but most are costly and perform only half of the equation. Now, researchers have created lab-scale gadgets that do both jobs. If larger versions work as well, they would help make it possible—or at least more affordable—to run the world on renewables. The market for such technologies has grown along with renewables: In 2007, solar and wind provided just 0.8% of […]
Utility-scale solar has experienced explosive growth in the U.S. in recent years, and the best years may yet still be on the horizon.
Wind and solar power now provide the least-cost options for electricity generation in windy and sunny regions of the USA, even before accounting for subsidies and environmental impacts (Lazard 2017). Wind and solar also yield substantial benefits for climate, air quality, and health when replacing fossil fuels (Jacobson 2008).
Wood Mackenzie analysts say the energy storage boom is about to begin in earnest, with the value of the market and number of batteries expected to multiply rapidly in the next two to three years. And while BTM deployments were the story in the third quarter, the firm expects utility-scale installations will drive most of the growth — at least for the next couple of years.
Questions about wind-and-storage projects have come up at pretty much every event held by ESR sister title A Word About Wind in the last two years. However, while we can all agree that the intermittent nature of wind energy would benefit from a link to storage systems, we’ve seen little progress so far.
The 300 megawatt Sage Draw Wind farm — which is selling electricity to Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) under a power purchase agreement with the farm’s owner, Denmark-based Ørsted — is set to draw $22.56 million in tax incentives over the course of 10 years.
Per S&P Global Market Intelligence’s installation data, the total U.S. utility-scale solar project pipeline grew by 5.8 GWac in Q3 ‘2018, with the 2019-2020 pipeline increasing by greater than 50% over the last two quarters to 23 GW.
The waste heat to power market is expected to reach $30 billion by 2024, according to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc.
A new analysis is pointing toward monumental shifts in U.S. electricity generation markets, with renewable energy and energy storage becoming the “default choice” in regions that were previously dependent on natural gas.
Incorporating energy storage into a solar array is not as easy as just picking a battery off the shelf. Certain chemistries work better in certain environments, and storage capabilities are influenced by the solar application.