Is 2016 The Turning Point For Energy Storage?

Michael McDonald for OilPrice.com:  In the future, when investors look back at the year that represented the turning point for clean energy, 2016 may be it. The industry overall is growing at a breath-taking pace, but perhaps not for the reason that some investors think. Energy storage rather than solar power and wind power are the real factors that are driving a revolution across the electrical power industry.

Energy storage changes the equation, not only in the renewables space, but in the conventional utility space as well. The concepts of spin/non-spin reserve costs, peaker prices, and a variety of other conventional concerns for utilities, lose meaning in the context of efficient and cost-effective energy storage. While energy storage was available previously, it’s only today that costs are coming down substantially. Tesla’s economies of scale on battery storage are well-known, but small start-ups like Orison are finding ways to lower costs in innovative ways as well. The graphic below from a recent EPRI presentation highlights the role that multiple layers of costs savings can play in creating economical battery storage.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Sun Xtender® Deep Cycle AGM Batteries

Sun Xtender® Deep Cycle AGM Batteries

Sun Xtender® Deep Cycle AGM Batteries for renewable energy storage are manufactured in the USA by Concorde Battery Corporation and are built to the same demanding standards crucial to supporting the aircraft industry. To facilitate maximum conductivity & charge acceptance Sun Xtender® batteries are constructed with copper alloy corrosion free terminals & robust intercell connections. Endurance and optimal float life are achieved through plates thicker than the industry standard. Sun Xtender® Batteries' AGM maintenance free design is an ideal solution for off grid and grid tied systems.