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.(more…)
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. (more…)
A coalition of groups led by the Energy Storage Association (ESA) is calling on lawmakers in the U.S. House and Senate to clarify that energy storage systems qualify for the Investment Tax Credit (ITC), an incentive they say could help clean energy companies obtain financing, compete internationally and grow. (more…)
Lazard’s latest numbers illustrate how renewable energy’s ability to challenge existing coal generation on cost is spreading across the U.S. (more…)
BNEF has significantly increased its forecast for global deployment of behind-the-meter and grid-scale batteries over coming decades. (more…)
A new report documents the democratization of renewables, energy storage and electric vehicles in America. (more…)
Fueled by cheap battery costs, wind and solar power are poised to produce nearly 50% of the world’s electricity by 2050, according to a Bloomberg New Energy Finance report released Tuesday.
Why it matters: Renewable energy is getting cheaper as its technologies reach greater economies of scale. Notable this year are the falling prices for batteries that store energy generated by the wind and sun, which have become cheaper and easier to implement than previously forecast.
The benefits energy storage can provide in terms of power grid support and flexibility are becoming clear, but creating the right market mechanisms and rate designs will be critical to scaling up energy storage deployment, federal and state officials said.