 Based on cumulative installed capacity, current cost and future investment, a new tool developed by Imperial College London researchers can predict future energy costs of electricity storage technologies for portable, transport and stationary applications under different scenarios, and forecast when low-carbon energy systems could catch up with fossil fuel-fired systems.
Based on cumulative installed capacity, current cost and future investment, a new tool developed by Imperial College London researchers can predict future energy costs of electricity storage technologies for portable, transport and stationary applications under different scenarios, and forecast when low-carbon energy systems could catch up with fossil fuel-fired systems.
Some of the key findings of the study published in the Nature Energy journal are that electric cars could potentially rival petrol by 2022, and that solar home battery storage could become competitive by the 2030s.
“With this analysis tool we can quantify when energy storage becomes competitive and identify where to invest to make it happen, thereby minimizing investor and policy uncertainty,” said study lead Oliver Schmidt, from the Grantham Institute and the Centre for Environmental Policy at Imperial.
In building the tool, the team collated data on the installed capacity and price of several current energy storage technologies over time to see how costs fall as installed capacity increases. At a later time, they used these trends to calculate how quickly costs would decrease given different levels of future investment to increase the installed capacity.
“This tool allows us to combat one of the biggest uncertainties in the future energy system, and use real data to answer questions such as how electricity storage could revolutionize the electricity generation sector, or when high-capacity home storage batteries linked to personal solar panels might become cost-effective,” said co-author Iain Staffell, from the Centre for Environmental Policy.
The authors pointed out that the tool can be used to compare the gains from different investments, noting that if the funds for the Hinkley Point C nuclear power plant, which is now projected to cost £19.6bn, and produce 3.2 GW of power on demand once completed in 2025, would be invested instead in large-scale lithium-ion batteries, by 2025 these would be able to deliver 21-41 GW of power when charged.
Click Here to Read Full Article
read more
 The US Department of Energy has been celebrating Made in America Week in its own special way, with loads of good news about renewable energy and clean tech. The latest addition to the list is a “sodium battery” energy storage breakthrough from Brookhaven National Laboratory. It’s great news for the US wind and solar industries but it could send a chill through the spine of lithium-ion battery fans.
The US Department of Energy has been celebrating Made in America Week in its own special way, with loads of good news about renewable energy and clean tech. The latest addition to the list is a “sodium battery” energy storage breakthrough from Brookhaven National Laboratory. It’s great news for the US wind and solar industries but it could send a chill through the spine of lithium-ion battery fans. While solar cells have been around in some form since the 1800s, increases in their efficiency were modest and slow until about 2000. Since 2000, the technology has seen rapid increases in efficiency, both at the research and consumer levels, and consistent deceases in cost of approximately 7 percent per year.
While solar cells have been around in some form since the 1800s, increases in their efficiency were modest and slow until about 2000. Since 2000, the technology has seen rapid increases in efficiency, both at the research and consumer levels, and consistent deceases in cost of approximately 7 percent per year. One of the best things about smart energy storage technology is the opportunity it creates for those in the HVAC, electrical contracting, and solar energy markets to provide added value to their customers and thus benefit from an additional revenue stream. The energy storage market is already becoming enormous with Navigant Research predicting it will reach
One of the best things about smart energy storage technology is the opportunity it creates for those in the HVAC, electrical contracting, and solar energy markets to provide added value to their customers and thus benefit from an additional revenue stream. The energy storage market is already becoming enormous with Navigant Research predicting it will reach  Alectra’s announcement comes as an increasing number of utilities move into the distributed energy space, forming partnerships or acquiring DER providers to enhance offerings to consumers, particularly C&I customers.
Alectra’s announcement comes as an increasing number of utilities move into the distributed energy space, forming partnerships or acquiring DER providers to enhance offerings to consumers, particularly C&I customers.  Good news for Canadian electric car drivers or soon-to-be electric car drivers. A new network of DC fast-charging stations has been announced to cover the Trans-Canada Highway in a currently underserved region between Ontario and Manitoba.
Good news for Canadian electric car drivers or soon-to-be electric car drivers. A new network of DC fast-charging stations has been announced to cover the Trans-Canada Highway in a currently underserved region between Ontario and Manitoba. New reports from Navigant Research indicate global power capacity additions for deployed utility-scale
New reports from Navigant Research indicate global power capacity additions for deployed utility-scale  Organizations that have experienced intermittent power outages in Guam may see hope in sight. Guam Power Authority (GPA) will install two energy storage systems to help reduce intermittent power outages that Guam has been experiencing.
Organizations that have experienced intermittent power outages in Guam may see hope in sight. Guam Power Authority (GPA) will install two energy storage systems to help reduce intermittent power outages that Guam has been experiencing. A week after Tesla
A week after Tesla  Wide-scale storage is currently the Holy Grail of researchers designing energy-storage solutions for clean energy, and scientists at Stanford University have come closer to achieving it with a
Wide-scale storage is currently the Holy Grail of researchers designing energy-storage solutions for clean energy, and scientists at Stanford University have come closer to achieving it with a  
                                                 
                                                 
                                                 
                                                