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Grid Battery tech on track. It now needs re-designed markets, monetisation

March 23, 2020 by Emanuele Taibi, Carlos Fernandez and Aakarshan Vaid

The rapid expansion of variable renewable electricity generation is making cost effective storage more urgent. Sure enough, in Europe several electricity storage projects are under construction and new ones are announced almost on a weekly basis. The battery technology seems to be on track, with estimates of $156/kWh in 2019 dropping to $61/kWh by 2030. But progress is hampered by the lack of a market that recognises and rewards the true value of … [Read more...]

Filed Under: Energy, Storage Tagged With: australia, batteries, electricity, Europe, grids, LowCarbon, markets, NationalGrid, NEC, policies, storage, Tesla, Total, UK

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      Recent Posts

      Agrivoltaics: GWs of solar power from farmland using strategically placed panels (and raising crop yields)

      Industry’s EU ETS reforms and CBAM: how firms can turn the rising cost of carbon into competitive advantage

      Concawe Symposium tackles climate and pollution as RED commits fuel companies to 29% renewable content from 2030

      Affordable €25k EVs by 2025: Europe’s carmakers can do it. Instead they’re making more profitable SUVs

      Oil & Gas business is fatally flawed: Russia-Ukraine only delayed the relentless decline in prices

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