The energy storage era is upon us. States like California and New York have adapted energy policies that will make it possible to economically deploy storage systems, while technology advancements have boosted performance and trimmed costs. For the first time in history it will become feasible to store electric energy. These breakthroughs in turn will change the underlying infrastructure of our whole industry. Utilities in most jurisdictions are legal monopolies because it was the only way to economically and technically bring electricity to a society. Forcing companies to build competing grid networks and power plants would have led to bankruptcies, chaos and terrible service. Energy storage allows monopolies and the regulatory infrastructure that comes with it to become less relevant. Microgrids erected by private companies or owned by small groups of individuals, with benefits in security, reliability and low-cost deployment, are suddenly a very attractive alternative.; renewableenergyworld/rea/news/article/2014/08/the-next-big-challenge-for-energy-storage?cmpid=WNL-2014-08-22
Posted on: Fri, 22 Aug 2014 11:31:35 +0000
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