In a fast-developing industry teeming with technologies that promise to be the next big thing, energy storage appears to be the biggest.
Its supporters not only sing its praises but also tout what they say is its inevitability.
“We’re going to have 10 times as much energy storage on the grid by the end of this decade and that is going to impact every facet of the energy industry,” said Matt Roberts, executive director of the Energy Storage Association, an industry trade group.
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US-based storage provider AES Energy Storage, a subsidiary of AES Corporation, has signed contracts with utility San Diego Gas and Electric (SDG&E) to install two energy storage arrays with a combined capacity of 37.5MW.
SDG&E was already bidding out storage projects when California regulators said they wanted to pick up the pace, allowing the utility to have the AES project on the table within months. The CPUC is pushing for expedited deployment to 
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RICHMOND, Calif. — Axiom Exergy announced it has raised $2.5 million from investors to assist in scaling its thermal energy storage solution in the grocery store and cold storage facility markets. By utilizing its Refrigeration Battery, Axiom said businesses like supermarkets and food distribution centers can reduce their peak energy demand by up to 40 percent and protect perishable inventory from spoiling during power outages with dedicated backup cooling.
HERNDON, Va.–(BUSINESS WIRE)–Greensmith Energy, one of the largest providers of energy storage software and integration services, announced today that AltaGas Ltd. has selected Greensmith as the software provider and system integrator for a 20 MW/80MWh system in Pomona, California. Together, AltaGas and Greensmith will deploy a state-of-the-art 20 MW energy storage system to help with Resource Adequacy in California and offer multiple other grid applications. The project will be expedited and is expected to be completed in December 2016.
Poised for massive expansion, the global solar photovoltaics market is ramping up and excitement is sparking. Cost reductions, according to the International Renewable Energy Agency (
The oil and gas giants have fallen on tough times. We’re not talking can’t-afford-a-meal tough — they still have billions in cash lying around — but not-raking-in-billions-in-profit tough. Booms and busts have always rocked this industry, so executives could make a case for sitting on their cash until oil prices rebound and prosperous times return.
High penetration of renewables in markets such as Hawaii, California, Denmark, Germany, and China is one aspect of the ongoing changes in the electricity system that points toward rising opportunity for energy storage at the residential, commercial, and utility levels. Solar and wind, in particular, as rapidly scaling forms of variable generation, could benefit from storing excess electricity generation – whether on the grid or in the home – until it is needed. At the same time, energy storage is emerging as an alternative to traditional sources of ancillary services, for voltage regulation and other grid supports. Ultimately, large-scale storage could replace peaking power plants that are needed to run only a few hours a year to meet peak demand, while also being used to provide other valuable grid services year-round.
