With the global solar industry expected to reach 100 GW this year, following nearly 20% year-over-year growth in annual installations in 2017, IHS Markit has identified eight solar and energy storage market trends to watch. “Solar Energy and Storage Trends,” a new white paper from IHS Markit, identifies the following significant trends with the most impact on the global solar market: Clickhereto continue.
RE100 signatories to spur $94 billion investment opportunity, Windpower Engineering
The companies currently committed to the RE100 campaign will need to procure an estimated 172 TWh of additional clean energy generation by 2030 to meet their renewable energy targets. If corporations were to meet this demand through PPAs, it could catalyze 87 GW of new solar and wind build, representing a potential $94 billion investment opportunity
One of ACC’s ten Principles of Conservative Environmentalism: “A conservatism that does not practice restraint, humility, and good stewardship—especially of the natural world—is not fundamentally conservative.” Initiatives include the development of an environmental scorecard of Republicans in Congress.
By Ed Adcock, Iowa State University Extension and Outreach
AMES, Iowa — Iowa State University researchers have found that wind turbines located in agricultural fields are a plus for the crops growing around them. The overall effects on crops growing in wind farms appear to be positive said Gene Takle, Iowa State agronomy professor. He has led a team of plant and soil scientists along with extension specialists who have been looking into the effects since 2009. They started their work after seeing more wind farms and turbines pop up around the state. The new land use was positive for the landowners where they were located, but the researchers wondered if it was the same for the farmers growing crops. Read more here.
Do solar consumers create a cost-shift to non-solar users? PV Magazine
In this op-ed, Solar Reviews’ Andrew Sendy takes apart the cost-shift argument that utilities make when trying to get regulators to dismantle net metering, and looks at why they would push this myth on the public, P’V Magazine
U.S. energy storage begins to take off, PV Magazine Despite a lackluster Q4, GTM Research predicts that the U.S. energy storage market is going to boom in 2018, driven by both policy support and falling prices.
By Lew Milford and Robert Sanders, Clean Energy Group
Summary Current clean energy financing models do not sufficiently serve low-income communities. As a result, solar+storage projects are vastly underrepresented in affordable housing and community facilities, meaning that low-income communities are unable to enjoy the benefits of clean, affordable and resilient power.
This paper describes emerging finance models to address the energy equity challenge and to level the financing playing field. The paper explores additional ownership and financing options for solar+storage projects and low-income communities beyond direct ownership and conventional leasing models. It makes a simple point: there are ownership and financing strategies that can provide many of the economic and other benefits of direct ownership, while overcoming some of the risks and barriers that direct ownership may entail for many project developers. Learn more here.
Valuing Resilience Can Change the Breakeven Point for Solar-Plus-Storage, Greentech Media
A new study by researchers from the National Renewable Energy Laboratory (NREL) in collaboration with Clean Energy Group, a Vermont-based nonprofit, finds that “accounting for the cost of electric grid power outages can change the breakeven point for PV and storage system investment.” In a summary of a paper submitted for publication, the authors write that “even though a PV and storage system might not appear to be economical under traditional cost-benefit calculations, placing a value on the losses incurred from grid disruptions can make a PV and storage system a fiscally sound investment.”
100+ Cities Now Powered by at Least 70% Renewables, EcoWatch A growing list of cities and municipalities is leading a renewable energy revolution that their national governments either cannot—or will not—address. More than 100 cities around the world now get at least 70 percent of their electricity from renewable sources such as solar, wind, geothermal and hydropower, according to new research from the non-profit CDP. That’s more than double the 40 cities reporting they were powered by at least 70 percent clean energy in 2015.
The company’s main project has been the 100MW/ 129MWh Powerpack project in South Australia, the largest in the world for now. But now instead of being a large centralized battery system using Tesla’s Powerpacks, the new project announced today is using Tesla’s residential battery system, the Powerwall, to create decentralized energy storage, which basically results in creating a massive virtual power plant. South Australia Premier Jay Weatherill announced the deal today – the biggest of its kind by far. Learn more here.
Photo Credit: Tesla
ADDITIONAL RECOMMENDED READING
Elon Musk’s Tesla plans to give thousands of homes batteries: here’s how it would work, by Nick Harmsen, ABC News
South Australia’s Labor Premier Jay Weatherill has unveiled what he expects to be a vote-winning power policy before the March state election — ‘free’ solar panels and Tesla batteries for 50,000 homes. And it’s all thanks to the guy on the right. Yep, it’s the latest gift in the ongoing bromance between Mr Weatherill and billionaire Tesla boss Elon Musk, after the pair teamed up to help fund the world’s biggest lithium-ion battery (which is already producing power in the South Australian grid). Read more here.
Facebook Photo: Jay Weatherill and Elon Musk are changing South Australia’s approach to power generation.
Energy storage technologies can be an important part of that electric grid of the future, helping to assure reliable access to electricity while supporting America’s transition to 100 percent renewable energy. To get the most benefit out of energy storage, however, policy-makers and the general public need to understand how energy storage works, where and when it is necessary, and how to structure public policy to support the appropriate introduction of energy storage.
Energy storage can make a valuable contribution to our energy system.
Energy storage can capture renewable energy produced in excess of the grid’s immediate needs for later use. In California, solar and wind energy plants were forced to halt production more than one-fifth of the time during 2016 because the power they produced was not needed at that moment.
Energy storage can help utilities to meet peak demand, potentially replacing expensive peaking plants.
Energy storage can extend the service lifetime of existing transmission and distribution infrastructure and reduce congestion in these systems by providing power locally at times of high demand.
Energy storage can improve community resilience, providing backup power in case of emergency, or even allowing people to live “off the grid,” relying entirely on clean energy they produce themselves.
Energy storage can provide needed ancillary services that help the grid function more efficiently and reliably.
Read the entire news release and download the reporthere.
Trump’s Solar Tariffs Won’t Turn Tables On Renewables Revolution, Forbes The cost of solar energy, which has fallen by 73% since 2010, is forecast to fall by a further 50% by 2020, leading to it sitting alongside onshore wind as the cheapest forms of energy in years to come. This is leading corporates to buy record amounts of clean power through renewable energy power purchase agreements . . . The integration of renewable energy into the world’s electricity networks will be aided by the rapid advance of electric vehicles, which provide demand for renewable capacity outside peak times and can also act as a form of energy storage when demand is high.
4 experts forecast trends in the upcoming year.
By Krysti Shallenberger, Utilty Dive
Energy storage will reap the benefits of a foundation laid in 2017 — when regulated utilities took the helm of massive storage projects. The resource’s market growth is expected to continue well into this year, analysts say, as states begin compelling utilities to include it in their long-term planning processes. Click here to read the complete article.
By Adam Wilson, Navigant Research Analyst, GreenBiz
Renewable generation deployments (primarily solar photovoltaic and wind farms) have grown substantially over the last decade and are forecast to continue growing well into the future. That’s thanks to lower costs and technological improvements leading to increased power output.
Indeed, the International Energy Association expects that average annual global renewable installations will be 80 percent higher than coal, oil and natural gas combined between 2017 and 2040. Separately, Navigant Research anticipates that wind and solar PV installations — both in front of and behind the meter — will surpass 1,500 gigawatts cumulatively between 2017 and 2026. Continue reading here.
By Jodie Van Horn, Director of the Sierra Club’s Ready for 100 Campaign
Published by Herald and News
Today, more than 50 cities and towns in the United States have committed to move to 100 percent clean, renewable energy. From big cities like Atlanta and San Diego to small towns like Abita Springs, La., and Hanover, N.H., cities are switching to 100 percent clean energy because it’s better for them — clean energy creates local jobs, cuts pollution, and saves homes and businesses money. More than 150 mayors, Democrats and Republicans, have also pledged to power their cities entirely with renewable energy.
Cities are not alone in this pursuit. Some states already source significant amounts of energy from clean sources. More than a third of all power in Iowa, for example, comes from wind energy. More than100 companies have also pledged to source 100 percent of their energy from renewables, including Apple, General Motors, Walmart and Johnson & Johnson. Continue here.
Puerto Rico welcomes solar: An interview with San Juan Mayor Yulín Cruz, PV Magazine. Three months after Hurricane Maria hit Puerto Rico, about half the capital San Juan is still waiting for the lights to come back on. In this interview with journalist Daniella Cheslow, Mayor Carmen Yulín Cruz says this is an opportunity for private capital to help transform the city and the territory into a solar laboratory.
Coming of age of Battery Energy Storage Systems, Opinion, Energy World Battery energy storage systems are getting deployed at grid scale, either by planning or catastrophes, which tends to get missed in the geeky debates about the future of the grid.
Jehu Garcia didn’t expect to be known for working with Lithium-ion batteries. The California-based YouTuber previously started a photography accessories company, and originally thought his life was more about cameras and making videos. “I didn’t want to be known as the battery guy,” Garcia told me on a recent phone call. But then, in 2015, Elon Musk unveiled the Tesla Powerwall. The suitcase-sized battery lets homeowners store electricity, either from the grid or solar panels. The device represented an impressive step forward in alternative energy technology, but it started at $3,000 and could only store 10 KWh of electricity, or about a third the average American household consumes in a day. Inspired by Tesla, battery hobbyists started building their own DIY powerwalls using recycled laptop batteries and hooking them up to solar panels for a fraction of the cost. Read morehere.