The economics behind commercial energy storage options are growing in popularity, according to new figures from GTM Research, and are set to be increasingly attractive in the coming years.

A new report from GTM Research, The Economics of Commercial Energy Storage in the US, analyzed rate structure across 51 utilities across the United States, assessing the opportunity for demand charge management for commercial storage customers. Demand charge management is the use of batteries to charge on electricity during low-demand, and therefore low-price periods, so that consumers can discharge the battery, or use its contents, in high-demand, high-cost periods.

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Energy storage would gain access to the same tax incentives that helped make renewable energy the biggest new source of electricity in the U.S. last year under a bill introduced in the Senate.

Batteries like the lithium-ion ones in phones and electric vehicles would be eligible for the tax incentives when connected to the utility grid at homes and businesses under a bill introduced Tuesday by Democratic Senator Martin Heinrich from New Mexico. The bill has eight co-sponsors including Dean Heller, a Nevada Republican, according to a statement.

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HERNDON, Va.–(BUSINESS WIRE)–Greensmith Energy, one of the largest providers of energy storage software and integration services, announced the North American launch of its behind-the-meter energy storage solution, Omni⁴. The Greensmith Omni⁴solution is a distributed energy storage platform bundled with the industry’s most advanced software controls to maximize a complete range of behind-the-meter and microgrid applications in multiple sizes—including fleet aggregation.

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BOULDER, Colo.–(BUSINESS WIRE)–A new report from Navigant Research examines trends in the residential energy storage industry, providing an analysis of utility involvement, business models, and a projected growth path, with global market forecasts for capacity and revenue in major regions, through 2025.

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Lawrenceville, N.J. and San Francisco — July 12, 2016 — Princeton Power Systems, the global energy storage solutions leader, announced today at Intersolar North America the launch of its Energy Storage IQ (ESIQ) technology platform. The ESIQ platform, implemented by Princeton Power’s experienced team of energy storage experts, streamlines the delivery of turnkey energy storage systems, microgrid operations and electric vehicle charging solutions to customers and partners worldwide.

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At the recent Mobile World Congress Shanghai, I got the chance to look at a new battery solution that could challenge lithium ion technology for the energy storage throne.

Zap&Go’s fast-charging solution uses graphene-based supercapacitors, with the goal of replacing billions of lithium ion batteries that are currently powering everything from smartphones to laptops to power tools.

And the best part: It can charge up a typical dying phone in five minutes or less.

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Elon Musk’s electric vehicle and energy storage firm is poised for another major initiative after the founder announced that he is working on a “Tesla Masterplan, Part 2.”

Musk took to twitter to relay the news and said he is hoping to publish the new plans later this week.

On hearing the news, Jigar Shah, the well-known clean energy entrepreneur and co-founder of SunEdison, now leading specialist finance company Generate Capital, posted that he had already predicted a “Tesla 2.0”. He also pointed to a blog of his in which he suggested that Tesla’s planned takeover of major residential solar installer SolarCity could help Musk create a company that is more valuable than Apple in the future. This would be achieved through the company’s new ability to integrate Electric Vehicles (EV), storage, efficiency, demand response, and solar capabilities.

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According to IHS Technology, energy storage pipeline advances are led by the United States, China and South Korea. The “IHS Energy Storage Company and Project Database – Q2, 2016” tracks a total of 2 gigawatts (GW) of grid-connected energy storage projects – a 20 percent increase, since the end of 2015.

Lithium ion’s (Li-ion’s) share of the energy storage market has grown steadily from 20 percent deployed in 2010 to 90 percent forecast for 2016.

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Susan Kennedy, CEO of Advanced Microgrid Solutions, has observed, “The entire electrical distribution system is designed around a single premise: You cannot store energy.”

The premise of her company: “Equipping a building with the technology to store and manage its own electricity turns that building into a standalone storage unit,” and if you “combine a dozen buildings into a fleet, you have the utility equivalent of a peaker plant.” She told GTM recently, “We’re offering utilities a customized solution using energy storage behind the customer’s meter, harnessing that load to provide specifically what the utility needs in a particular region. It’s a clean, fast, flexible product that doesn’t exist in the utility world today.”

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