Energy Storage News: What exactly is wrong with renewables, and why aren’t we all-green already? Subsidy abuse and insufficient economic viability in the face of cheap oil are two of the most common criticisms thrown at the renewable industry.
These, however, are nothing compared to the biggest challenge that the green energy industry has encountered: the impossibility to store power produced—at least not in an affordable and reliable enough way.
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Utility companies or others planning to install renewable energy systems such as solar and wind farms have to decide whether to include large-scale energy storage systems that can capture power when it’s available and release it on demand. This decision may be critical to the future growth of renewable energy.
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Energy Storage News – Don’t look now, but corporate America may lead the next phase of the renewable energy revolution. And that’s terrible news for utilities across the country.
Companies are looking at renewable energy as a way to save costs, lock in rates, and go green, and they may have more power to upset the utility business model than even a million homeowners installing solar panels. The defection of even a small number of large companies from the traditional grid could cause havoc in the utility industry.
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Judging by most press coverage, the electric vehicle sales race is between Tesla and the rest of the world. Or maybe it’s between the Nissan Leaf, which set the record for U.S. sales in 2014, and the Chevy Volt, a plug-in hybrid that sold well back in the day. Actually, the dynamic has shifted in the first half of 2016. The EV sales contest is now a two-horse race, with the Tesla Model S on top and the Volt just behind. If inventory remains strong, Chevy could make it interesting all summer long.
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Energy Storage News – Costs of the clean energy tech will keep falling over the next decade.
Solar will become the cheapest source to produce power in many countries over the next 15 years, according to a new report from Bloomberg New Energy Finance.
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June 6 (SeeNews) – General Electric’s (NYSE:GE) startup-collaboration division, GE Ventures, has added German energy storage specialist Sonnen GmbH to its investment portfolio, the German company said in a statement on Monday.
The US venture capital company, along with existing investors in Sonnen, provided a sum in the double-digit million-euro range that should help the German firm develop its brand of residential power storage systems.
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The latest developments in energy storage promise a greener future for the electrical industry. With more effective and reliable interaction between renewable resources and the grid, greenhouse gas emissions can be reduced. Several studies have been conducted by both the private and public sectors to analyze the impact of such technology on the electrical grid. For example, a study released by Texas utility Oncor Electric Delivery Co.highlighted the many benefits of this technology for the grid:
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BOULDER, Colo.–(BUSINESS WIRE)–A new report from Navigant Research examines the growing opportunities for energy storage systems (ESSs) to provide numerous services to the grid, with global market forecasts for power capacity, energy capacity, and revenue, segmented by region, technology, and application, through 2025.
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Tesla Motors Inc may source batteries from Samsung SDI Co Ltd for its energy systems in homes, companies and utilities, rather than for its electric cars, the U.S. company’s chief executive said on Wednesday.
Shares of Samsung SDI, an affiliate of Samsung Electronics Co Ltd, rebounded 3 percent early Thursday.
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Energy Storage News – AES Philippines, a unit of AES Corp. of the US and Electricity Generating Public Company Ltd. of Thailand, expect to complete the country’s first 10-megawatt, battery-based energy storage facility in Masinloc, Zambales province late this month.
EGCO president Chanin Chaonirattisai said in a statement the 10-MW lithium-ion battery energy storage located at the 600-MW Masinloc coal-fired power plant aimed to provide reserve power and grid stability services to the Luzon grid.
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