The Outlook for Energy Storage is Bright - Here’s Why!


The Outlook for Energy Storage is Bright - Here’s Why!

2018 promises to be an exciting year for energy storage and since technology costs have come down in the last few years, energy storage, and batteries in particular have been hailed the next big thing in the power market.

In fact, the International Energy Association expects that average annual global renewable installations will be 80 percent higher than coal, oil and natural gas combined between 2017 and 2040. This is good news in terms of sustainability and greenhouse gas reduction however this mas influx of variable generation capacity can present issues for outdated electrical grids around the globe.

Energy storage is a solution that can help solve this issue by maintaining smooth, consistent power flow to the grid. As a result, renewable installations combined with energy storage are expected to make significant waves in the energy market will into the future.

The main driver for combining renewable=les and energy storage devices is reduced electricity costs. In addition, the reduction of incentives such as the Feed-In-Tariff has actually improved the business case for energy storage combined with solar PV over standalone solar PV.

These incentives usually reward homeowners and businesses for sending excess solar power back to the grid rather than storing it. As these incentives are scaled back or eliminated, the addition of energy storage helps keep distributed solar PV economical by allowing customers to maximize onsite consumption of their solar energy even into the night; it also provides a source of backup power during blackouts.

As well as this energy storage costs are dropping and are expected to continue to drop as much as 50 percent for some applications and technologies. The additional cost of storage still may be prohibitive in some cases but as prices fall these instances will become rarer over time.

Finally, homeowners and businesses often require resilience in the event of grid outages as part of their on-site generation systems. Standalone Solar PV installations cannot provide this is an outage occurs at night and more importantly most solar PV systems are grid-tied and must be shut down in the event of an outage anyway. Whereas energy storage systems can step in and provide backup in the event of such a blackout.

The future is bright for both renewables and energy storage and together the two are proving to be a powerful combination in the global energy market. Luckily here at Ecolution we install both Solar PV and Energy Storage units and have years of experience with both technologies.

So, if we’ve caught your attention then give our dedicated in-house team a call to discuss installing your energy storage system today!

2018 promises to be an exciting year for energy storage and since technology costs have come down in the last few years, energy storage, and batteries in particular have been hailed the next big thing in the power market.

In fact, the International Energy Association expects that average annual global renewable installations will be 80 percent higher than coal, oil and natural gas combined between 2017 and 2040. This is good news in terms of sustainability and greenhouse gas reduction however this mas influx of variable generation capacity can present issues for outdated electrical grids around the globe.

Energy storage is a solution that can help solve this issue by maintaining smooth, consistent power flow to the grid. As a result, renewable installations combined with energy storage are expected to make significant waves in the energy market will into the future.

The main driver for combining renewable=les and energy storage devices is reduced electricity costs. In addition, the reduction of incentives such as the Feed-In-Tariff has actually improved the business case for energy storage combined with solar PV over standalone solar PV.

These incentives usually reward homeowners and businesses for sending excess solar power back to the grid rather than storing it. As these incentives are scaled back or eliminated, the addition of energy storage helps keep distributed solar PV economical by allowing customers to maximize onsite consumption of their solar energy even into the night; it also provides a source of backup power during blackouts.

As well as this energy storage costs are dropping and are expected to continue to drop as much as 50 percent for some applications and technologies. The additional cost of storage still may be prohibitive in some cases but as prices fall these instances will become rarer over time.

Finally, homeowners and businesses often require resilience in the event of grid outages as part of their on-site generation systems. Standalone Solar PV installations cannot provide this is an outage occurs at night and more importantly most solar PV systems are grid-tied and must be shut down in the event of an outage anyway. Whereas energy storage systems can step in and provide backup in the event of such a blackout.

The future is bright for both renewables and energy storage and together the two are proving to be a powerful combination in the global energy market. Luckily here at Ecolution we install both Solar PV and Energy Storage units and have years of experience with both technologies.

So, if we’ve caught your attention then give our dedicated in-house team a call to discuss installing your energy storage system today!

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