Renewables: Citigroup says storage is the Holy Grail for intermittent renewables, and deployed at large levels would reduce both the cost of intermittency and the physical grid constraints that prevent deeper renewables penetration. Citi ran three scenarios that increase its base forecast of renewables growth rates in major countries by 25% and 50%. Those results are shown in in the figures below. Coal: If storage can be competitively used to “firm” intermittent resources, renewables can become a true substitute for baseload generation. In many markets, baseload is dominated by coal-fired power. And because of growing policy pressure to displace coal in markets ranging from the US to China, policy is likely to emphasize the substitution of firm renewables for coal-fired generation. The figures below illustrate the significant potential impact.reneweconomy.au/2014/energy-storage-will-accelerate-decline-fossil-fuels-97640
Posted on: Sat, 04 Oct 2014 22:35:50 +0000
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