By Valerie Volcovici, Reuters
WASHINGTON / A wing of the U.S. Department of Energy focused on breakthrough technologies may soon give billionaire entrepreneur Elon Musk’s most recent foray into energy storage a run for its money, the unit’s director said. Advanced Research Projects Agency-Energy, or ARPA-E, which funds projects meant to transform energy markets, has made huge strides over the last few years on next-generation batteries that could make electric cars and renewable energy cheaper and more accessible.
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ADDITIONAL RECOMMENDED READING
U.S. Energy Storage Market Grew 243% in 2015, Largest Year on Record, by Mike Munsell, Greentech Media Research. The U.S. energy storage market just had both its best quarter and best year of all time. According to the GTM Research/Energy Storage Association’s U.S. Energy Storage Monitor 2015 Year in Review, the U.S. deployed 112 megawatts of energy storage capacity in the fourth quarter of 2015, bringing the annual total to 221 megawatts. This represents 161 megawatt-hours for the year. The 112 megawatts deployed in the fourth quarter 2015 represented more than the total of all storage deployments in 2013 and 2014 combined. Propelled by that historic quarter, the U.S. energy storage market grew 243 percent over 2014’s 65 megawatts (86 megawatt-hours).
Utility Dive: The sector favorite: Storage tops utility tech picks for second year running. Utility Dive’s third annual survey of electric utilities shows even greater interest in energy storage, by Peter Maloney.