The report ‘Advances in Electricity Storage Suggest Rapid Disruption of U.S. Electricity Sector’, by IEEFA details upstart storage and storage-expansion projects in Arizona, California, Hawaii, Florida, Massachusetts, New Hampshire, Nevada, Texas, and Vermont.
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Dennis Wamsted, an IEEFA analyst and lead author of the report, said recent evidence of utility-scale storage adoption is most likely the beginning of a trend that will take hold broadly across the industry, benefitting renewables at the expense of gas- and coal-fired plants. “Bigger changes loom,” Wamsted said. “In the many examples, we researched, each project, by and large, was driven by one of several value streams—cutting transmission charges, providing grid resilience, offering peak power, allowing for early plant closures and the like—even if other benefits were accrued too.”
The report details dozens of examples of electric companies large and small finding an assortment of cost savings in electricity-storage technology and portability.
Key Findings:
Wamsted said economies of scale will help drive the expansion of utility-scale battery storage, as will a growing recognition by utility companies of the business case for embracing the shift: “It is likely that developers and utilities will be able to stack these benefits, making storage even more economically competitive.”
In the Indian context where costs are decisive, not just important, prices are fast reaching a point where a shift could start in earnest here too. Probably by early 2020, by when, respect to see a much more conducive policy environment too, be it in terms of more open access states, independent of grid rooftop solar and much more.
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