As MEI begins construction on our first few storage projects in Massachusetts, we are seeing the activity tick up significantly in the energy storage market writ large.
Americas set to lead global energy storage deployments, Wood Mac says – from pvmagazine usa: New research from Wood Mackenzie says that the Americas region will overtake Asia Pacific by 2025 to lead the global energy storage market, with a total capacity of 371 GWh in 2030. Most of this growth is expected to come from the U.S. The firm said that China will place second (150 GWh), and Japan will take third place (25 GWh) by the end of the decade. The expected slowdown in Asia Pacific is partly due to challenges from market incentives and business cases. Although Asia Pacific led the global storage market in 2020, with deployments reaching 13 GWh, growth has mainly relied on pilots, government subsidies, and grid interconnection requirements over the past decade. Without strong policy support, the report said, it will be difficult to scale up the front-of-the-meter (FTM) segment across the region. Meanwhile, the U.S. tripled storage installations in 2020, accounting for 38% of new capacity. China, Germany, and the UK recorded double-digit growth during the pandemic, and Australia’s installations fell in year-on-year numbers.
Long-duration storage roundup: News, players and technology – Canary Media put together a rundown of recent investment activity, a vendor and technology survey, and an overview of players in the thermal and mechanical sub-sectors.
The U.S. needs a storage ITC to reach carbon-free electricity goals – this post makes a nice case for why the US needs a storage ITC and it sounds like there is positive momentum for this on the hill.
Europe predicted to deploy nearly twice as much electrical storage in 2021 than last year – The US isn’t the only market seeing explosive growth. Europe’s cumulative electrochemical energy storage installation capacity has gone past the 5GWh mark and this year is likely to see installations almost double from 2020’s figures. Last year featured some bright spots although the industry was negatively impacted by the COVID-19 pandemic and 2020’s annual installation figures of 1,700MWh across the continent were a marked improvement on around 1GWh of installs during 2019, according to the latest edition of the quarterly ‘European market monitor on energy storage,’ produced by industry group European Association for Storage of Energy (EASE) together with industry analysis and research group Delta-EE.
STEM CEO: What Biden’s American Jobs Plan Means for Energy Storage – STEM’s CEO penned a nice blog post on what the aggressive plan from Biden means for energy storage and how storage touches many parts of clean energy infrastructure.
FlexGen debuts project feasibility reporting tool for energy storage projects – Energy storage integrator FlexGen has a new project feasibility reporting product for developers, Independent Power Producers (IPPs) and asset owners to accelerate the analysis of energy storage asset viability. This FlexGen DigitalTwin application is built to determine a potential project’s revenue opportunity and lifecycle costs, model multiple scenarios as well as study the grid impact for interconnection. The market has been asking for something like this for a while, and let’s hope it enables more battery storage into clean energy projects!