THE MONEY IN STORING WIND AND SUN

Energy Storage for Wind and Solar Integration; Market Issues, Business Case Analysis, Technology Issues, and Forecasts for Energy Storage Systems for Wind and Solar Applications

2Q 2013 (Navigant Research)

“…Globally, the way in which variable generation is compensated is changing. Key markets are moving away from generous feed-in tariffs and toward feed-in premiums and other market signals to encourage the adoption of variable generation. Major markets for renewables – including Germany, Japan, and the United States – have enacted rules or legislation specifically to encourage the adoption of energy storage systems (ESSs) for the purpose of integrating variable energy sources onto the grid. Navigant Research forecasts that the installed capacity of energy storage systems for solar and wind power integration will total 21.8 GW from 2013 to 2023…” click here for more

spot the trend? (click to enlarge)

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