US Energy Storage Market Could Triple This Year
The energy storage market is poised for substantial growth over the next five years, with installed capacity this year expected to more than triple to 220 MW from last year’s 62 MW.
A recent report from GTM Research and the Energy Storage Association, ‘U.S. Energy Storage Monitor,’ projected that the market will grow from $128 million last year to $1.5 billion by 2019, when more than 800 MW will be installed.
Moreover, non-utility storage – residential and non-residential – will grow from just 10% of installed capacity last year to 45% over the same period.
This is a bullish forecast for downstream residential vendors identified in the report, such as Schneider Electric, Outback Power, Sunverge, and Solar City.
SGS Assigned New Contract to Provide Vendor Inspections for Cameron LNG's Construction Project
SGS was awarded a contract to perform vendor inspections as part of Cameron LNG's construction project for natural gas liquefaction and export facilities near the Gulf of Mexico.
After the completion of three solar projects, Optimum Tracker takes aim at South Africa
Meyreuil, 20 March 2015 - Optimum Tracker, a French company specialized in solar trackers development for utility PV plants, announced the expansion of its business to South Africa with the opening of an agency in Johannesburg.
Fuel Cell and Hydrogen Energy Association Lauds Executive Order to Increase Federal Sustainability Efforts
Executive Order Highlights Use of Fuel Cells
Ideal Power Announces Collaboration With LG Chem to Enable Integrated Battery Energy Storage Systems
Multi-Year Alliance Agreement to Accelerate Deployment of Commercial and Microgrid Storage Systems
Ideal Power Receives Order to Support Green Charge Networks' Energy Storage for California Schools
The units will be used to support Green Charge's intelligent energy storage solution at several California schools in the districts of Mountain View and Tulare
Solar eclipse illuminates importance of energy storage
Friday's solar eclipse highlights the importance of energy storage to the continued growth of solar, experts have claimed.
Energy consultancy Frost & Sullivan estimate that by covering 85% of the sun; the eclipse removed 35GW of solar power from the European grid - equivalent to 80 conventional power plants.
This sort of instability will drive generators to invest in better storage facilities to ensure a constant security of supply, according to the consultants.
"Dealing with events like this one requires investment in various storage tools and monitoring techniques which create a certain amount of flexibility in the energy system," said the report.
The nascent technology of pump storage - pumping water uphill into large reservoirs when power is abundant and then letting it flow down again to generate power when needed - will reportedly be valuable in preparing for the eclipse in Germany.
First keynote speaker unveiled for POWER-GEN Europe and Renewable Energy World Europe conference 2015
Maria van der Hoeven, Executive Director of the International Energy Agency (IEA), has been announced as the first speaker for the highly anticipated keynote address.
POWER-GEN Europe and Renewable Energy World Europe 2015 to focus on accelerating technological and commercial innovation
New approaches, new products, and new skills are necessary to unite the European renewable and general power industry
Sungevity Launches Solar Services for the Commercial Market
Company to Focus on Underserved Small Business Sector with Partner, Sol Systems
Dividend Solar Creates "Solar Freedom" Package with SolarWorld and Enphase
Partnership of Leading National Solar Brands Driving High-Quality Installations
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Solarize South Carolina Program to Benefit from Collaboration of Featured Manufacturers
Worldwide Capacity of Distributed Energy Storage Systems is Expected to Increase Nearly 10-Fold in the Next 3 Years, According to Navigant Research
Distributed storage is one of the fastest-growing markets for energy storage globally, report finds
AET Supplies 2 MW Ground Mount System for REC Solar
Applied Energy Technologies (AET) Rayport™-G ECO Ground Mount System Installed at Solar Plant in Vermont
GREEN POWER CONFERENCES AND ANES PRESENT "MIREC WEEK 2015" THE MOST RELEVANT EVENT IN THE CLEAN ENERGY INDUSTRY IN MEXICO
MIREC WEEK 2015 will feature top-level government speakers, as well as experts and key players from the industry
---The event will address challenges and opportunities of new regulation, operation and financing processes of wind, solar, geothermal and hydro projects in Mexico
Global business and policy leaders set to discuss the transformation of the energy system
Former US Vice President Al Gore to join more than 1,000 industry leaders at Future of Energy Summit 2015
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