Tag: Utility Integration

One Good Year Deserves Another: Energy Storage in 2016

Last year was big for battery energy storage. Technology prices continued to fall. Milestone projects got under way, and the sector gained wide media visibility in May when Elon Musk, CEO of Tesla Motors, unveiled the company’s sleek new Powerwall, a rechargeable lithium-ion battery designed for residential use.

Energy Storage Set for Record Year in 2016

With almost 3GW of energy storage capacity either in operation or planned, analysis firm IHS believes the energy storage market will rise significantly in the near future.

Battery cost reductions, government funding programs and utility tenders led to a 45 percent increase in the global energy storage pipeline in the fourth quarter of 2015 compared to the previous quarter. According to IHS the global pipeline of planned battery and flywheel projects had reached 1.6 GW by the end of Q4 2015.

“Suppliers and developers around the world are preparing for a record year in 2016, with significant growth projected in a wide range of regions and market segments,” said Marianne Boust, principal analyst for IHS Technology.

Nevada Regulators Propose Reduction in Solar Net Metering Payments

It’s about to get more expensive for homeowners to go solar in Nevada. The state’s public utilities commission filed Monday a draft order that would reduce the credits that customers get when they sell power back to the grid. The so-called net metering payments were a strong incentive for individuals and businesses in the state to install their own solar panels in recent years.