24 Jan '12, 10am

#BNEF finds by 2020 UK #energystorage could be in widespread use across transmission & distribution systems - Read more

Bloomberg New Energy Finance study finds that rapid falls in the price of technology and appropriate regulatory support could create a significant opportunity for the use of storage in the electricity network London and New York, 24 January, 2012 – Energy storage has long been regarded as a transforming technology for the future, enabling the better integration of intermittent renewable electricity such as wind and solar power, without requiring more high-cost peaking capacity. A new report by analysis company Bloomberg New Energy Finance, published to clients this week, has found that the breakthrough for storage could be closer than previously thought - thanks in large part to an expected drop in battery prices over the coming few years. Other storage technologies which may also see significant growth include traditional approaches such as pumped hydro and novel ones lik...

Full article: https://www.bnef.com/PressReleases/view/184

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