by Graeme » Mon 17 Mar 2014, 20:17:20
Energy Storage Roundup: Gridtential, Coda, Tesla, Japan’s Battery Subsidy
$this->bbcode_second_pass_quote('', 'T')here's a surge of newly funded and incumbent businesses looking to tackle large- and medium-scale energy storage in a broad spread of grid edge applications.
We just covered Panasonic's aim to use lithium-ion batteries in solar-equipped buildings to solve Japan’s post-Fukushima energy crisis. The Japanese giant is looking to California and other U.S. markets for the business models to make this distributed energy system work.
We went deeply into Elon Musk's $5 billion Tesla Giga battery factory and his plans for automotive and stationary energy storage in partnership with cousin company SolarCity.
AES Energy Storage now sells a prepackaged, modular energy storage system.
Large-scale energy storage startup LightSail Energy added former GE executive Volker Schulte as COO and Neel Sirosh, former CTO at Quantum Technologies, as VP and GM of its energy storage group. Schulte was GM of engineering for GE’s gas engine business. LightSail is intent on developing a more efficient approach to compressed air energy storage. Investors in the early-stage firm include Khosla Ventures, Peter Thiel, Bill Gates, and Total Energy Ventures.
We published some new slides and information about liquid metal battery startup Ambri and its commercialization efforts.
Here are the recent RFQs and RFIs for energy storage coming out of utilities in Hawaii, Ontario, New York, and Califonia. More details on the New York program are on the way.
Japan’s Ministry of Economy, Trade and Industry (METI) just launched a $100 million subsidy scheme for lithium-ion battery-based stationary storage systems, citing the 2011 earthquake, tsunami and Fukushima nuclear incident as the drivers for a focus on energy storage, according to reports in PVTech.
That's just in the last few weeks. Here are some other important recent developments:
greentechmediaEfficiency: a critical success factor for solar storage systems$this->bbcode_second_pass_quote('', 'S')torage is potentially the game changer for the solar market nowadays, allowing self-consumption to be increased by using solar energy also to supply loads at night.
Other than the reduction of storage cost and the introduction of possible incentive schemes, the maximization of the storage efficiency is a key factor to increase the system profitability, making the investment on solar plus storage actually viable for end-users.
Feed-in tariffs for solar energy are decreasing continuously, whereas the electricity tariffs are increasing.
As a consequence, self-consumption of the energy produced by the PV plant has already become practically the sole business model to make the investment on solar viable in different regions, especially in European countries.
This is why, as well as for grid support in utility-scale applications [1], energy storage is in the spotlight today at the residential and commercial level [2], allowing self-consumption to be increased by using part of the produced PV energy at night.
Obviously, storage will actually become the game changer for the solar market only if it is profitable for end-users.
To this aim, the first key aspect to be controlled is evidently the price of storage systems, which is predicted to halve over the coming years going from about 700$/kWh (500 €/kWh) to about 300$/kWh (200 €/kWh) in 2020 [3].
To mitigate the relatively high current cost of storage, incentive programs are emerging, such as in Germany wherein up to 30% of the storage cost is reimbursed.
However, other than the reduction of storage cost and the introduction of possible incentive schemes, there is a further key success factor, which is often underestimated: the storage efficiency.
In fact, because of energy losses in both the inverter and the battery, a fraction of the solar energy used to re-charge the storage system is merely wasted rather than self-consumed. This is a “hidden” economical loss for the user, because the energy wasted has to be balanced by additional energy purchased from the grid.