U.S. federal government leads energy storage commitments

on June 17, 2016

pv-magazine energy storageWhile deployment is growing rapidly, at this time energy storage in the United States is a small and nascent market which has not benefitted from any federal programs akin to the Investment Tax Credit (ITC) or the Department of Energy’s SunShot program.


However, today the U.S. government made a move in the direction of supporting energy storage, with federal commitments to procure more energy storage accompanied by commitments from grid operators, power companies and others. 

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PV MagazineU.S. federal government leads energy storage commitments

Energy Storage Tax Relief Bill Introduced

on June 17, 2016

energy storage cleantechnicaU.S. Rep. Mike Honda, a Democrat from Silicon Valley, California, has introduced the Energy Storage for Grid Resilience and Modernization Act, otherwise known as H.R. 5350.

If the bill becomes law, it will provide a tax credit for home and business owners who purchase energy storage systems. The tax credit for both would be 30%, which is the same amount as the renewable energy tax credit. Factories would also be eligible under the proposed law.

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CleanTechnicaEnergy Storage Tax Relief Bill Introduced

Energy Storage Myths: #1 Arbitrage

on June 17, 2016

Energy Storage Myths: #1 Arbitrage

Dispelling Industry Myths to Reveal the Value of Energy Storage


Daniel V. Crotzer | Energy Storage Consultant
June 17, 2016

 

#1 Myth: Buy Low / Sell High
What if we told you that the way energy storage companies market is misleading? For the past few years energy storage companies have touted arbitrage as the Messiah of the industry. We are going to show you how to avoid misconceptions and understand the real value of energy storage. This article shows the current value of arbitrage.

 

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Fractal Energy Storage ConsultantsEnergy Storage Myths: #1 Arbitrage

20 Energy Storage Disruptors

on June 16, 2016

energy storage pv techThe term disruptor is thrown around a lot these days in a world rapidly facing digitisation and the fight to stay relevant is becoming ever more competitive in energy storage. While technological breakthroughs are always exciting, to paraphrase an old saying, there’s a lot that can go wrong between filling a cup with liquid and putting it to your lips. In the race to commercialise technologies and business models for a mass market still in its infancy, the real disruptors in energy storage aren’t just in the lab, they are making a real difference in houses, commercial buildings and on and off the grid.

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PV-Tech20 Energy Storage Disruptors

Duke Smart Home gears up for year of innovative energy storage projects

on June 16, 2016

The Duke Chronicle energy storageThe Duke Smart Home Program is looking forward to a year focused on developing and carrying out a variety of energy storage projects.

The organization—which includes the Home Depot Smart Home, a live-in research laboratory operated by the Pratt School of Engineering—strives to utilize methods of energy storage and solar energy production in a collaborative setting. This year, the Smart Home is working to create an electric bike and a solar bench, explained junior Harvey Shi, vice president of the Smart Home.

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The Duke ChronicleDuke Smart Home gears up for year of innovative energy storage projects

US Energy Storage Industry Sees First-Quarter Investments Double and New Partnerships Emerge

on June 16, 2016

energy storage greentech mediaThe American energy storage sector kicked off 2016 with a marked increase in corporate investments, according to GTM Research and the Energy Storage Association’s latest U.S. Energy Storage Monitor. First-quarter investments of $79 million marked an increase of more than double compared to the same period last year. Of that money, $20 million came as project financing.

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GreenTech MediaUS Energy Storage Industry Sees First-Quarter Investments Double and New Partnerships Emerge

Con Edison Bundles Rooftop Solar, Storage to Supply Grid Power

on June 16, 2016

energy storageEnergy Storage News – SunPower Corp. and Consolidated Edison Inc. plan to offer rooftop solar panels bundled with batteries to more than 300 New York residential customers, creating a system that will be able to store energy to feed the grid.

The so-called virtual power plant will have about 1.8 MW of generating capacity and 4 MWh of battery storage, the companies said in a statement Monday, the largest residential distributed-energy storage program in the U.S.

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Renewable Energy WorldCon Edison Bundles Rooftop Solar, Storage to Supply Grid Power

Report: Energy storage market to reach $250B by 2040

on June 16, 2016

energy storageAs battery costs fall, storage deployments rise. That trend led to a record year for energy storage deployment in 2015, and the trend will continue into the future, according to BNEF’s New Energy Outlook.

“Batteries will get a boost as costs drop and developers see the chance for lucrative new revenue streams,” said Julia Attwood, storage analyst at BNEF.

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Utility DiveReport: Energy storage market to reach $250B by 2040

How to make yourself Energy Storage ready

on June 16, 2016

energy storageWe all know that the solar industry, particularly in the UK has lost a significant number of jobs in the last nine months. We also know that energy storage is the hottest of hot topics at present, and a sector predicted to see substantial growth. However, as I’ve written before, the number of jobs available in the storage sector doesn’t come close to the number of solar jobs lost. Demand outstrips supply. What is more, many of the jobs lost to solar do not lend themselves to transfer to the storage sector, for an obvious example think roofer.

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PV-TechHow to make yourself Energy Storage ready

Energy Storage Association Recognizes FERC’s Efforts

on June 16, 2016

energy storageThe Energy Storage Association recently announced it approves of the work the Federal Energy Regulatory Commission is doing to support energy storage. FERC is conducting a review related to market barriers for energy storage. ESA says FERC is using a careful approach to helping energy storage expand in the marketplace.

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CleanTechnicaEnergy Storage Association Recognizes FERC’s Efforts