27 Jan '16, 11am

Good news from @WECouncil : in 15 years, storing energy will be 70% cheaper!

Good news from @WECouncil : in 15 years, storing energy will be 70% cheaper!

Storage has often been described as the Holy Grail of the transition to a low-carbon energy system. Affordable, efficient storage would enable volatile renewable energies to be better integrated into electricity systems, it would greatly improve the economics of home solar systems, even allowing people to go off-grid, and it could help catalyse a revolution in electric cars as well as helping to solve the problems of the grid going down or grid overload. The problem is that this Holy Grail is still eluding us. Storage is often perceived as too expensive because of the way the calculations are done which do not fully take into account the value it brings to certain situations. World Energy Resources Report 2016, E-storage: Shifting from cost to value 2016 – wind and solar applications This report seeks to interrogate what the cost base of an array of storage technologies re...

Full article: https://www.worldenergy.org/publications/2016/e-storage-s...

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