In this op-ed for pv magazine, Camron Barati explores the trend towards what increasing state-level renewable power and storage targets mean for the U.S. market. The company projects 73 GW of solar PV systems will be installed in the United States from 2018 to 2022. Read more here.
Camron Barati is a Senior Analyst with IHS Markit Technology. Camron is part of the IHS Markit Technology Solar and Energy Storage Group and responsible for researching solar PV and energy storage markets in North America, covering supply chain trends and downstream market dynamics. He is based in Austin, TX.Prior to joining IHS Markit, Camron worked as an associate with GTM Research as part of their solar analyst team. He also has experience working with the National Renewable Energy Laboratory and Enphase Energy.
Siemens Gamesa Renewable Energy (SGRE) has commissioned a redox flow energy storage system at its hybrid wind and solar La Plana project near Zaragoza, Spain. According to SGRE, hybrid projects of wind energy, solar PV and other energy sources are becoming a more and more attractive option to drive the energy transition to higher shares of renewable energy. Read morehere.
Image: Siemens Gamesa’s La Plana hybrid wind and solar test project near Zaragoza, Spain
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.
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.