Industry voices in the UK have said that electricity market activity during the COVID-19 pandemic shows that the network will become prohibitively expensive and possibly unmanageable without the further rapid deployment of energy storage. In article published last week by our UK-based energy transition site, Current±, Aaron Lally, head of trading at aggregator and
FRANKFURT (Reuters) - The use of batteries for energy storage is expected to grow faster than that of other flexible assets in the period to 2030 and beyond, as renewable energy generation expands, consultancy Wood Mackenzie said in research published on Wednesday. Battery storage will increase to 26 gigawatts (GW) by 2030 from 3
McDermott continues its dialogue with renewable industry leaders to provide the latest market updates on the disruption, challenges and opportunities COVID-19 presents to the industry. This week, we focused on the energy storage market and hosted Chris McKissack, CEO at GlidePath Power Solutions. Glidepath was an early mover in energy storage. GlidePath is now
Adding another Pylontech battery to a home battery system with a Victron inverter.
With the inclusion of battery energy storage into new building codes and safety standards, it’s obvious just how mainstream storage is today. Electrochemical batteries have been around for more than 100 years and solar photovoltaic (PV) panels have been in use for half a century. During the early days of solar, users deployed PV
Double charging of battery storage is to end, as Ofgem approves changes to the Connection and Use of System Code (CUSC). The UK regulator announced last year it was consulting on the removal of Balancing Service Use of System (BSUoS) charges for energy taken from the grid by storage assets. BSUoS charges allow National
Charging an electric vehicle (EV) is much cheaper than filling a petrol car. For example, the cost of charging a Renault ZOE 52kWh is around £8 so if you get a range of 200 miles out of it then the cost per mile is about 4p. A Renault Clio, however, uses fuel at around
A survey of over 2,000 “senior business leaders” in G20 countries has found that electric vehicles and battery storage are the most popular assets to invest in among non-power generation technologies in the energy sector. Law firm Ashurst has produced a 40-page research report on the global energy market and how it is changing, finding
The levelised cost of electricity (LCOE) that can be achieved today for battery energy storage means that “new-build batteries can be competitive on cost with gas peaker plants," according to BloombergNEF. Our sister site PV Tech reported yesterday that according to analysis BloombergNEF’s newly-published LCOE reports, solar’s levelised cost of electricity has fallen below
Battery storage systems are emerging as one of the key solutions to effectively integrate high shares of solar and wind renewables in power systems worldwide. A recent analysis from the International Renewable Energy Agency (IRENA) illustrates how electricity storage technologies can be used for a variety of applications in the power sector, from e-mobility