NewEnergyNews: Community Shared Storage Makes The Cost Cut

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    Founding Editor Herman K. Trabish

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  • TODAY AT NewEnergyNews, August 13:

  • TODAY’S STUDY: The Fight For EVs Right Now
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    Thursday, April 05, 2018

    Community Shared Storage Makes The Cost Cut

    Community Battery Storage An Economically Viable Solution, Study Finds

    Betsy Lillian, April 4, 2018 (Solar Industry)

    “Small-scale, grid-connected energy storage solutions – or community batteries – can have a viable business case, supporting the ongoing growth of decentralized energy generation resources…[According to a feasibility study by DNV GL, current costs for lithium-ion battery technology and grid expansion projects make community storage] both economically and socially viable…[D]ecentralized energy sources, such as rooftop solar panels or individual wind turbines, are an important part of the transition to a more sustainable energy future. They can help energy users reduce their bills and contribute to a more sustainable energy mix with lower greenhouse-gas (GHG) emissions. But such resources put an extra strain on the local electricity distribution infrastructure, which must be prepared to handle any peaks in generation output…Distribution network operators (DNOs) can expand the capacity of their network with additional underground cables, but this can take a lot of time and money…An alternative is to install batteries close to decentralized resources to store any excess energy generated and feed it into the grid when demand exceeds supply…The report identifies the conditions and stakeholders – such as homeowners, energy retailers and network operators – required to make community storage services viable…” click here for more

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