INDUSTRY NEWS

16
Jun

Major Utility’s Company CEO Sees Enormous Potential In Energy Storage Technologies

63% of companies on last year’s Fortune 100 list have announced they will try to get 100% of their energy from renewable sources. According to Bloomberg New Energy Finance, investments in clean energy exceeded $53 billion during the first quarter of 2017, including amongst them the 754 megawatt solar photovoltaic project in Mexico by the Italian energy operator Enel.

Energy storage technologies are of huge interest to energy operators around the world. According to Francesco Starace, chief executive of Enel, there is an enormous potential in the future of energy storage systems when they will play a big role after grids become digital. Enel is investing heavily in technologies that will aid the transition and are able to resolve specific operational challenges.

AGL Energy operates the world’s largest residential virtual power plant in South Australia, connecting more than 1,000 batteries in homes and businesses. According to Andrew Vesey, CEO of AGL Energy, the benefit is for all the parties involved. Homeowners get greater value for their investment in solar PV installation and batteries by optimizing the power they sell to the grid as opposed to the power they buy from the grid. There’s an advantage to distributors as well because they can postpone investments in the grid, and transmission networks’ benefit is less frequency events.

In Australia, energy storage will play an important role in the shift from coal to renewable energy.

Read the original article

LATEST ARTICLES

Are mine shafts the future of UK energy storage

Could disused mine shafts be next for UK energy storage?

Disused mine shafts in the UK could get a second life as “gravity batteries” — a novel form of energy storage under development by a Scottish engineering company. Like chemical batteries, these could be used to rapidly respond to fluctuating grid demands. Edinburgh-based startup Gravitricity plans to equip the long-abandoned mine shafts with enormous weights…

Read More

Germany frequency control project

German frequency control project combines batteries and power-to-heat

Swb Erzeugung AG & Co, a German utility based out of Bremen, has ordered a hybrid grid frequency regulation solution which will use both battery energy storage and power-to-heat facilities. Multinational AEG Power Solutions have been awarded the contract. The Bremen utility supplies the local area with not only power and heat but also internet,…

Read More

Applications of Energy Storage

Applications of Energy Storage

Where can energy storage systems (ESS) generate value? Applications can range from ancillary services to grid operators to reducing costs “behind-the-meter” to end users. Battery energy storage systems (BESS) have seen the widest variety of uses, while others such as pumped hydropower, flywheels and thermal storage are used in specific applications. Applications for Grid Operators…

Read More

energy storage industry news

Would you like to receive energy storage industry news, free powerpoint presentations and opinion articles from our team?

YESand if I don't like it I will unsubscribe! MAYBE LATERI am busy now thinking all things energy storage