Large-scale addition of wind/solar generation challenges utilities industry slow to keep up with modern technology Ever lower prices for solar PV and wind power generation are driving demand for energy storage around the world, according to a new report from Navigant Research that examines the global market for energy storage for renewables integration with a focus on six utility-scale, […]
Market issues driving investment in energy storage around the world BOULDER, Colo.-A new white paper from Navigant Research examines five major trends and the related market forces expected to shape the future of the energy storage industry in 2016 and beyond. The global energy storage industry reached significant milestones in 2015, and momentum is expected
Virtual power plants, storage tech, invading energy markets – Navigant Read More »
Dispute resolution process is expected to reduce the time for approval and interconnection costs for energy storage AUSTIN, TX – With the passing of Assembly Bill 1637, California doubled the incentives for energy storage projects throughout the state for calendar years 2017-2019. The newly signed bill by Governor Jerry Brown allocates an additional $187 million for
California passes energy storage bills, allocating $187 Million for new projects Read More »
Power storage 10-fold to cut power waste -industry BEIJING, May 13 (Reuters) – China is expected to raise its power storage capacity by ten-fold to 14.5 gigawatts by 2020, as the world’s second-biggest economy tries to cut massive waste from renewable energy projects, an industry association said. China is the world largest wind and solar power
China to boost power storage 10-fold to cut power waste -industry Read More »
Includes flywheel kinetic energy project, an energy storage first for PG&E SAN FRANCISCO, Calif. – Pacific Gas and Electric Company (PG&E) this week expanded its commitment to clean energy by presenting its first 75MW of energy storage contracts to the California Public Utilities Commission for review and approval. California’s Energy Storage Decision requires investor-owned utilities to
PG&E picks 75MW of innovative energy storage tech for renewable energy Read More »
“The breakdown of system costs, and the future evolution of prices, varies significantly depending on whether the system is configured to provide a high-power or high-energy application,” ENGLEWOOD, Colo. – Commercial energy storage activity is currently consolidated in just a handful of leading regions, but falling system costs will be a major factor enabling broader
Price declines expected to broaden the energy storage market – IHS Read More »
New energy storage deployments in Asia Pacific’s major markets expected to total nearly 37 GW from 2015 to 2025 BOULDER, Colo. – A new report from Navigant Research finds that while costs remain one of the largest hurdles to grid-tied energy storage systems industry’s growth, declining prices are helping to move the technology into diverse geographic
Renewable energy grid-scale storage more flexible, cost-effective – report Read More »
Rapidly dropping cost of advanced batteries a primary driver of grid-tied energy storage market Since the sun doesn’t always shine and the wind doesn’t always blow, there is a growing market for utility-scale energy storage, which is expanding because battery systems are getting better and cheaper, according to a new report from Navigant Research. The study examines the market
Energy storage systems help drive expansion of wind, solar power – study Read More »
