The world has watched on as some of its leading regional markets, China, South Korea, Australia, Japan, parts of the US, the UK, and many parts of Europe have raced ahead in deploying energy storage in the last five years, mostly, but not only, lithium-ion batteries. IHS Markit says that the US in 2019 will
Between April 1 and June 30, 2019, behind the meter residential energy storage in the US experienced its greatest increase in history — 35 megawatt-hours, according to a new US Energy Storage Monitor report from Wood Mackenzie Power & Renewables and the US Energy Storage Association. That represents a 20% increase from the same quarter
Solar panels and battery storage may have started out as the unlikely couple but are becoming more and more inseparable in todays’ world. But just as the ups and downs of finances impact a relationship, so do the sinking costs of solar and storage. Here, they are helping make the marriage of the two not
Additions of new residential energy storage capacity in the United States reached a record high in the second quarter of the year, exceeding 30 MW, a new report by Wood Mackenzie says. The market for energy storage in the country is growing fast, the authors note, driven by customer interest and government incentives. In May
Imagine this scenario for a moment: It’s a nice day out. The sun is shining beautifully and you’re at the beach. You can feel the sand between your toes, the gentle breeze carrying the scent of salt to your nose as it passes through your hair. The water is gently flirting with the shore in
On August 9, a thunderstorm caused 1.5 GW of generation capacity to go offline within seconds in the U.K. The incident caused millions of households to temporarily lose power but the situation could have been considerably worse if not for the country’s battery storage reserves. Renewable energy company RES claims to have averted disaster in
Under the new law proposed by HM Revenue and Customs, the VAT for new solar and energy storage products will increase from 5% to 20% from October The government is being urged to stop the proposed VAT increase for solar and battery storage technologies by industry, environmental groups and more than 17,500 people. Under the
Energy storage installations for homes and businesses — involving battery technology — are on the rise in areas where extreme weather threatens the electric power grid, such as flood-prone Houston, wildfire-stricken California and hurricane-ravaged Puerto Rico. A sustained power outage can lead to serious consequences, such as loss of income and even death. Because of
A £55 million (US$67.8 million) fund has been earmarked for five projects in the UK looking at developing the next generation of battery storage technology. The government-led Faraday Institution has allocated the funding to five consortium-led projects with the aim of overcoming battery challenges, in particular by improving performance and cost characteristics. The projects will
As the world moves towards the mass adoption of renewable energy, some questions come to mind. Which energy sources are most practical for the future? How do we rebuild an energy infrastructure and economy that works? What economic models are best for this new energy economy? Energy storage can answer some of these questions. Energy