Friday, February 7, 2014

The Value of Energy Storage for Grid Applications

Energy storage compared to 2005 solar market
February 7, 2014 - The next six years will begin to see long-term growth for commercial energy storage, according to GTM Research, driven in part by the growth of solar photovoltaics.

The U.S. installs a solar system every four minutes, according to GTM, which creates widespread opportunity for the deployment of distributed energy. More than 720 MW of distributed energy storage will be deployed in the U.S. between 2014 and 2020, GTM forecasts, representing a 34 percent cumulative annual growth rate.

Energy storage can fulfill the roles of conventional generation, transmission, and distributed assets, as well as provide value in behind-the-meter applications. From a technical perspective, storage can be used to smooth the output and variability of solar energy and may ultimately lead to solar receiving larger capacity credits or help to avoid capacity charges. read more>>>

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