Many traction batteries with lithium ion (Li-ion) chemistries used in plug-in electric vehicles (PEV) are showing less degradation and better performance than initially expected — sparking the interest of stationary energy storage system stakeholders, who believe these batteries may hold value beyond the life of the vehicle, according to Navigant Research.
While cost-effective advanced energy storage technologies are providing utilities and grid operators new tools to improve system reliability and lower costs, these systems also present risks as relatively new technologies are integrated into existing networks.
ComEd will use $4 million in funding from the U.S. Department of Energy SunShot Initiative to design and deploy solar and battery storage technology within its planned microgrid demonstration project in Chicago’s Bronzeville neighborhood. The microgrid demonstration project in Bronzeville, as well as the solar and battery storage it integrates, will be located next to the Illinois Institute of Technology’s microgrid and part of the first “microgrid cluster” in the world.This new system will allow for the widespread use of low-cost, flexible, and reliable solar photovoltaic (PV) generation, as well as the use of battery energy storage systems. The solar project is being called the “most sophisticated” in the Midwest.
Power storage technologies are often touted as the Holy Grail for delivering the clean energy system required if the UK is to truly decarbonise its economy. But they are not, perhaps, something you’d think of putting in your home.However, home energy storage provider Powervault is now showing how a small investment by British householders can both save on their electricity bills and help to alleviate demand on overburdened grids.
Europe’s first flywheel hybrid energy storage plant has been officially launched in Ireland.The plant in Rhode, County Offaly, is owned and operated by Irish energy company Schwungrad Energie and is expected to enter a test operational phase in February.The Rhode hybrid demo project comprises two Beacon Power 160 kW flywheels and Hitachi Chemical valve-regulated lead acid batteries of up to 240 kW.
Duke Energy Renewables has formed an alliance with Green Charge Networks, the country’s largest provider of commercial energy storage for retail, industrial and government customers. The agreement provides these customers with “solar firming,” a way to smooth the peaks and valleys of a variable energy source. It also is designed to save customers money by offsetting the higher prices of peak demand power.Green Charge Networks, based in Santa Clara, Calif., will work closely with solar provider REC Solar to market energy storage systems with REC’s solar projects. Initial focus will be on the Southern California and Hawaiian markets.
The United States just experienced its largest quarter for energy storage deployments since the fourth quarter of 2012.According to GTM Research and the Energy Storage Association (ESA), the U.S. deployed 60.3 megawatts of energy storage capacity in the third quarter of the year. This represents 53.1 megawatt-hours.
Schneider Electric has launched a smart energy storage solution to increase the use of renewable energy.The EcoBlade was launched by the company at COP21 in Paris. It is a scalable energy storage system for domestic, industrial or commercial environments and for electricity grids.Powered by Li-ion batteries, it consists of blades the size of a 30-inch flat screen, weighing under 25 kg.The equipment also contains a smart connected battery module and is ready to use in standalone mode.
Those considering energy storage can now compare the cost effectiveness of each technology on an apples-to-apples basis. An in-depth study from investment bank Lazard in conjunction with Enovation Partners, Levelized Cost of Storage Analysis, compares the costs of energy storage technologies for particular applications to conventional alternatives.Modeled on Lazard’s levelized cost of energy (LCOE), the LCOS study analyzes the costs associated with a variety of the leading energy storage technologies and their applications.
The rapidly decreasing costs of battery energy storage systems (ESS) are driving a trend in the energy storage industry similar to that seen in solar PV over the last decade.That is according to Navigant Research, who says that the energy storage industry has been evolving at different paces and with a focus on different applications and technologies in countries around the world.