Electrical energy storage experts caution against narrow focus on cost alone in assessing technology’s value Lead author DNV GL and 23 global World Energy Council storage experts cite drawbacks in widely used levelised cost methodologies Report sees strong growth in adoption of storage technology, outlines five policy recommendations for more…

Global Research On “Advanced Energy Storage Systems Market” is expected to reach USD 6.93 billion by 2022. Increasing demand for utility scale power generation particularly during peak hours is expected to augment demand for advanced energy storage systems. Global Advanced Energy Storage Systems efficiently manage energy resources thereby reducing the…

The cost of installing energy-storage systems is expected to decline 41 percent over the next five years as key components get cheaper, according to a report by GTM Research. Balance-of-system costs, including hardware, labor and customer acquisition, will fall below $400 a kilowatt by 2020, from an average of $670…

Market outlook of the global advanced energy storage systems market Research analyst predicts the global advanced energy storage systems market to grow steadily at a CAGR of close to 14% during the forecast period. Energy storage technology is used to store surplus electricity that can be utilized during power shortages,…

Now that wind and solar energy have proven their ability to generate cost-effective electricity, energy storage is the next technology advance needed to take renewables to another level. Wind and solar create energy on an inconsistent basis that often doesn’t line up with a home, business, or utility’s energy needs,…

Falling battery prices and a rapidly increasing number of applications have recently kick-started the deployment of electricity storage systems in the residential, industrial, and public sector. Much attention is being payed to this rising star but which are the most attractive storage markets worldwide? Enviacon international tackles this and much…

The Australian Renewable Energy Agency (ARENA) is providing $112,400 support for Moreland Energy Foundation Limited (MEFL) to investigate a model for shared solar photovoltaic (PV) generation and energy storage capacity in metropolitan suburbs. ARENA CEO Ivor Frischknecht said the project would look at how communities can draw on renewable energy…

Sonnenbatterie today announced that its residential and commercial intuitive energy storage management solutions are approved products for the Home Energy Renovation Opportunity (HERO) financing program. Sonnenbatterie manufactures lithium-ion energy storage systems for residential customers wanting a reliable system for self-consumption. Sonnenbatterie also offers applications for backup power, enabling energy independence…

An interesting new player is set to enter the emerging home energy storage arena in the shape of the Enphase Home Energy Solution. Enphase is billed as the world’s first integrated system that allows home users to store, monitor and manage their rooftop-generated solar electricity, while controlling their overall electricity…

A new report from Navigant Research examines the global market for solar photovoltaics (PV) plus energy storage nanogrids, including an analysis of market issues, with forecasts for capacity and revenue, through 2024. During the last year, partnerships between solar PV companies and energy storage system (ESS) providers have increased rapidly,…