We looked at batteries yesterday, and what that means for cars. Today it's grid storage, as it was last March. Various Denialists continue to claim that wind and solar can't get us to 100% because various reasons. I continue to point and laugh. The market continues to explode. (No, not the batteries.)
Did you know that nuclear is cheaper and safer than renewables, and is needed for baseload power because renewables are intermittent? Neither did I.
Renewable Friday: Grid Storage
Did you know that after getting rid of coal we will have to increase our use of gas and oil, rather than renewables and storage? No, and I still don't.
Renewable Thursday: Oil and Gaslighting III, by the "EcoRight"
and there's more where those three came from. We'll take another look on Friday, and again next week.
Last March
US energy storage begins to take off
Despite a lackluster Q4, GTM Research predicts that the U.S. energy storage market is going to boom in 2018, driven by both policy support and falling prices.
In any emerging market, what you see will often be affected by the timeframe that you look at. In the case of the U.S. energy storage market, Q4 2017 was lackluster, with a 57% year-over-year decline in megawatt-hours (MWh) of energy storage deployed, to only 77 MWh.
Yes, well, that was then.
Actually, then wasn't all that bad, according to this same report.
But if you focus on that, you may not see the forest for the trees. GTM Research and the Energy Storage Association’s latest Energy Storage Monitor report finds that over the past four years 1,080 MWh of energy storage has been deployed, and it expects this to more than double next year.
And when we say “energy storage”, we really mean batteries, as lithium-ion battery technology has been the leading technology every quarter, making up 99% of deployments in Q4 2017.
Overall, the U.S. energy storage market grew 27% in 2017, with massive deployments in both Q4 of 2016 and Q1 of 2017, as Californian utilities deployed energy storage to make up for lost capacity, due to the Aliso Canyon leak.
The recent Private Letter Ruling, which the IRS issued clarifying that residential energy storage retrofits to accompany solar generation can qualify for the full 30% federal Investment Tax Credit (ITC) won’t hurt either.
And progress is not limited to California. During the year, Texas put on the most battery capacity, as measured by megawatts. Additionally, GTM Research notes policy developments in a number of states.
With ongoing reductions in both balance of systems and the batteries themselves, GTM Research expects system prices for large, 4-hour batteries to fall from $1,678 per kilowatt in 2017 to only $1,080 per kW in 2022. As the costs for such systems have declined an estimated 64% over the past five years, such a decline would mean a more than four-fold fall in prices over a 10-year period.
Now
Yup.
US storage market value to surge 737% by 2024, driven mostly by utility projects: Woodmac
The U.S. energy storage market continued its growth streak in the third quarter of 2019, with a 93% year-over-year increase in megawatt-hours of storage deployed, but the dollar value of the market is set to explode by more than 700% over the next five years, according to the newest Wood Mackenzie U.S. Energy Storage Monitor, released Tuesday.
Wood Mackenzie's U.S. Energy Storage Monitor estimates that the annual value of the U.S. market will grow about 32% from $489 million in 2018 to $645 million in 2019, before surging 737% to nearly $5.4 billion by 2024.
The 2018 value is roughly evenly divided between front-of-the-meter utility projects and behind-the-meter, residential and non-residential projects. In 2019, residential behind-the-meter storage is capturing a larger share than the other two segments. But throughout the 2020s, front-of-the-meter projects will increasingly grow to become a clear majority of the market, Wood Mackenzie says.
Links
Top 5 Energy Storage Trends of the Year
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Plummeting Lithium-Ion Costs
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Utilities Making Moves at Scale
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Steps Forward for Safety
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Alternative Battery Technologies
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Integration with E-Mobility and Solar
Electrical Energy Storage (EES) refers to the process of converting electrical energy into a stored form that can later be converted back into electrical energy.
- EES systems are often expressed by rated power in megawatts (MW) and energy storage capacity in megawatt-hours (MWh): the maximum charge/discharge power and the amount of energy capable of being stored, respectively.6
- As of May 2019, the U.S. had over 31.2 GW of rated power in energy storage compared to 1,098 GW of total in service installed generation capacity as of January 2019.7,8 Globally, installed energy storage totaled 175.8 GW in 2018.9
- 2.5% of delivered electric power in the U.S. is cycled through a storage facility. For comparison, 10% of delivered power in Europe and 15% of delivered power in Japan are cycled through energy storage facilities.10
- Globally, 1,273 energy storage projects were operational in 2018, with 10 projects under construction. 40% of operational projects located in the U.S.7
New York City's biggest: Enel X connects grid-scale battery storage in Brooklyn
A 4.8MW / 16.4MWh battery energy storage system supporting the local grid of utility Con Edison in Brooklyn, New York, has begun operation through Enel X and global real estate firm Related Companies.
It’s not the biggest battery project so far in the state, which is newly embued with full-on low carbon energy transition policy ambition - the state wants to go use 100% renewable electricity by 2040 - and has an energy storage target of 3GW by 2030 to match.
That accolade currently is held by developer Key Capture Energy’s 20MW lithium-ion system supplied by NEC, which Energy-Storage.news took an in-depth look at back in September. While New York has long been discussed as a region of huge potential for energy storage, the market has been relatively slow to take off for reasons including a need for stringent safety regulations in the state’s many densely populated urban centres.
Vehicle-to-grid energy storage goes into action at Amsterdam Arena
Vehicle-to-grid (V2G) technology has gone into use at Johan Cruyff Arena in Amsterdam, with energy infrastructure installed onsite including a 3MW battery energy storage system allowing visitors to both charge their cars at the stadium and put power back into it.
Energy-Storage.news reported on the opening of the energy solution at the stadium in mid-2018, featuring a mix of new battery modules and second life battery packs from carmaker Nissan equivalent to 148 Nissan Leaf batteries, engineering provided by Eaton and controls and energy management system from aggregator The Mobility House.
Another much-talked-about technology gets real.
Utility-Scale Energy Storage Will Enable a Renewable Grid
A roadblock to sustainable energy solutions is coming unstuck.
Pumped-storage hydropower currently accounts for 95 percent of U.S. utility-scale energy storage, according to the Department of Energy. But as efficiency and reliability have improved, and manufacturing costs have tumbled, lithium-ion batteries have surged. They account for more than 80 percent of the U.S.’s utility-scale battery-storage power capacity, which jumped from just a few megawatts a decade ago to 866 megawatts by February 2019, the EIA says. A March 2019 analysis by Bloomberg New Energy Finance reports that the cost of electricity from such batteries has dropped by 76 percent since 2012, making them close to competitive with the plants, typically powered by natural gas, that are switched on during times of high electricity demand.
Percentages of percentages are always annoying. Batteries are 5% of installed storage, and lithium-ion batteries are four fifths of that, or 4% overall.
Our researchers are developing flow batteries to store renewable energy and support the power grid. Flow batteries produce power by pumping liquid.
The grid energy storage market is strong and is set for further growth. A study performed by Navigant Research indicates that the global market for utility-scale ...
Events
Intersolar North America 2020 will incorporate energy storage content into its exhibit hall and conference program more than ever before. In fact, stationary electrical storage solution manufacturers, suppliers, battery production technologies, distributors, and end-users now account for the fastest growing exhibitor base at the 2020 event, and the showrunners continue to welcome new energy storage and advanced battery systems solution providers to the show. Join us in San Diego to explore these trends with the industry leaders shaping the industry!
Solar and Energy Storage Northeast 2020
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