Solar and Wind Power Storage to Total 21.8 GW by 2023

The coming decade will see record-breaking levels of instability on the central grid, as 1,300 gigawatts of wind and solar energy are expected to integrate into the grid within the next 10 years. Energy storage systems continue to be the go-to solutions for utility companies in managing this massive influx of power. Handling variable generation and balancing demand and supply will compel grid operators to turn towards energy storage systems, and Navigant Research predicts that the installed capacity for solar and wind energy storage systems will hike to 21.8 GW by 2023.

According to Anissa Dehamna, senior research analyst at Navigant, “several of the major markets for renewables, including Germany, Japan, and the United States, have enacted rules or legislation encouraging the adoption of energy storage systems for the purpose of integrating variable energy sources onto the grid.” Some of the reforms are targeted at changing the compensation for variable generation, and it is expected that these amendments will have a major influence on the market for energy storage systems for solar and wind.

Source and read more 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

The UK National Energy Grid – A Story of Islands, Trading, and Energy Storage

As first seen in Energy Global, grid software acts as a modern-day map, helping to chart and navigate today’s energy grids; software engineers are tasked with carefully delineating how each region’s energy markets operate. However, looking more closely at energy markets makes clear how unique each market is – each defined by different topography, resources,…

Read More

Battery Storage for Commercial & Industry

Powerful battery storage offers many advantages in terms of saving electricity costs and a reliable power supply. With this technology, companies retain control of their energy supply and costs. The battery storage system is charged when energy is cheaply available and it supplies the stored electricity when prices are at their highest. With applications such…

Read More

Energy Storage Systems: the role of an Integrator

Simplifying BESS deployments by mastering their associated risks With the introduction of Battery Energy Storage Systems ‘BESS’, a new role has been created on the value chain. It is the role of a BESS integrator. The role of an integrator can be misunderstood at times or blended with other roles at other times. This is…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x