27 Jan '12, 3pm

@refocusmag - Grid-scale energy storage viable in the UK Fully agree on need for supportive policy framework.

Bloomberg New Energy Finance has found that the breakthrough for energystorage could be closer than previously thought - thanks in large part to an expected drop in battery prices over the coming few years. Other energy storage technologies which may also see significant growth include traditional approaches such as pumped hydro, and more novel approaches such as flywheels. Although niche markets for energy storage are already viable in the UK today, mainly to relieve bottlenecks in the transmission and distribution of power, more substantial penetration of energy storage within the grid system will become economic within the next five years. The key to making grid-scale energy storage viable, however, lies in the need to put in place an appropriate regulatory framework – something that has not yet been achieved. Specific forecasts in the report are that energy storage wil...

Full article: http://www.renewableenergyfocus.com/view/23513/gridscale-...

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