By 2025, 84 Percent of Projects in the Grid-Tied Stationary Battery Energy Storage Market Are Expected to Be Financed by Third Parties or Utilities, According to Navigant Research
Michael Kanellos for Forbes: The optimism in the energy storage industry is based on soaring demand, rapid technological advances, expanding capacity and, for some, what will likely be a scary competitive environment.
First, the good news. Lithium ion battery packs over the last ten years have declined faster than the cost of solar, said John Carrington, CEO of Stem, which makes behind-the-meter storage systems for hotels and other commercial customers looking to shave peak power costs, during a hallway meeting at Finance West sponsored by the American Council of Renewable Energy this week.
Solar panels have declined by 50% or more in the last five years. Batteries have declined by 80% in three years, he said. Battery packs hit the under $300 per kilowatt hour mark last December, Carrington added. By 2020, battery pack prices could drop to $190 per kilowatt hour. (In 2007, lithium ion battery packs in the wholesale markets sold for around $1,000 per kilowatt hour.) Cont'd...
Stanley Reed for the NY Times: A new cash crop has sprung up on Nicholas Beatty’s enchanting farm near here. Rows of gray solar panels range over about 25 acres, turning sunlight into electricity, as dog-size muntjac deer hop by.
The panels themselves, trouble-free money earners that feed into the electric grid, are no longer unusual on farms in Britain or other countries. What’s new in Mr. Beatty’s field is a hulking 40-foot-long shipping container.
Stacked inside, in what look like drawers, are about 200 lithium-ion cells that make up a battery large enough to store a substantial portion of the electricity the solar farm puts out.
The battery and its software give Mr. Beatty an advantage over other solar panel farmers. Power prices in Britain and elsewhere rise and fall, sometimes strikingly, during the day and over the year, depending on the supply and demand. Cont'd...
NEC Energy Solutions to Supply Major California Utility With First "Plug-And-Play" Battery Grid Energy Storage Solution
Greenspot Selects Jersey City for Curbside Electric Vehicle (EV) Charging Stations and EV Car Sharing Program
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