NewEnergyNews: SOLAR + STORAGE MRKT TO EXPLODE

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  • THE LAST DAY UP HERE

  • TODAY’S STUDY: States Step In On Utilities' Energy Plans
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

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    Thursday, October 15, 2015

    SOLAR + STORAGE MRKT TO EXPLODE

    Energy Storage for Renewables Integration; Market and Technology Issues, Business Cases, Key Industry Players, and Market Forecasts for Energy Storage Systems for Renewable Energy Integration

    3Q 2015 (Navigant Research)

    "The fastest-growing renewable energy markets continue to be solar PV and wind. These variable forms of generation present challenges to the electrical grid, which was designed using a centralized model with predictable power flows. As the percentage of wind and solar PV generation in a given area increases, this variable generation puts stress on the grid and can cause distortions in the energy market and instability on the grid. The first markets to experience this instability are islands and markets with high penetrations of distributed solar PV...The growth of variable generation presents opportunities for energy storage systems (ESSs) situated either at the distribution grid or behind the meter. One of the primary drivers of the grid-tied ESS market has been the decreasing cost of advanced batteries. While system costs are still one of the biggest barriers to the industry’s growth, declining prices and a flood of new systems integrators are opening up new use cases and geographic markets. According to Navigant Research, global new installed energy storage systems for renewable energy integration (ESRI) power capacity is expected to grow from 196.2 MW in 2015 to 12.7 GW in 2025…" click here for more

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