A study by Navigant Research indicates nearly two GW of energy storage systems have been announced worldwide so far this year.
Navigant said new project announcements are coming on a regular basis, and various companies are exploring new ways to make energy storage systems profitable.
Lithium ion batteries remain the top method of energy storage for new projects, accounting of 83 percent of the new capacity through the third quarter of 2016.
Distributed energy storage systems are becoming more popular, as they accounted for 14 percent of new energy storage projects so far.
“DESSs are generally much smaller than utility-scale systems and are expected to thrive as they become more cost-effective and productized, leading to more streamlined installation and opening new markets,” said Ian McClenny, a research associate with Navigant Research.
Projects using flow batteries and hybrid battery systems are also becoming more common.
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The largest solar and energy storage system in Connecticut was recently opened, by the Connecticut Municipal Electric Energy Cooperative (CMEEC) and Norwich Public Utilities (NPU), in partnership with SolarCity and Brightfields Development. NPU will now provide its customers with solar power as part of its current electric service and without an additional charge. When added to NPU’s existing hydropower capabilities, the NPU energy portfolio is now nearly 20% renewable.
Tesla has acquired German engineering firm Grohmann Engineering to form a new advanced automation segment of its business, producing manufacturing equipment for its factories in the US.
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A new project to install ground-breaking solar energy storage technology in The Meadows area of Nottingham has just been given the green light.
The first energy storage project in the Midcontinent ISO is up and running, but it is not being compensated for the services it is providing in the MISO footprint.
November 4 (SeeNews) – The government of Alberta, the Canadian province, will kick off its first renewable power competitive bidding process next year, seeking to procure up to 400 MW, it was announced on Thursday.