By the middle of the 2020s, using hybrid ‘portfolios’ of batteries and renewable energy sources will economically outperform existing gas power plants, while the combination of technologies is already cost-competitive with building new gas plants, a new report from the US-based Rocky Mountain Institute has said.
The growth potential of energy storage has drawn interest from some of the biggest names in the power business and beyond. With the trend set to continue, Andy Colthorpe explores how three recent acquisition targets are faring under new ownership. Taken from the pages of PV Tech Power Vol.19, Part 1 of this article was published on the site last week.
The growth potential of energy storage has drawn interest from some of the biggest names in the power business and beyond. With the trend set to continue, Andy Colthorpe explores how three recent acquisition targets are faring under new ownership.
Southern California Edison, one of the US’ top-ranking utilities for energy storage capacity already deployed, has signed contracts for seven more projects, totalling 195MW in its California service area.
In the hierarchy of grid needs, peaking power is often a priority in terms of providing resiliency and balance to the network. This is usually provided by natural gas turbines, which come at a high environmental and economic cost. Andy Colthorpe charts the rise of the solar-plus-storage peaker plant.
Statkraft has partnered with energy & meteo systems to launch a 1GW wind, solar and battery storage virtual power plant in the UK, which it says will further renewables’ penetration into the country’s energy market.
We hope you’ve enjoyed our series looking back on last year’s challenges, milestone and successes and looking ahead to a busy 2019. After featuring a range of views from industry participants and experts, now it’s my turn to throw out some predictions for the year ahead…
