JAPAN’S HITACHI BRINGS RENEWABLES STORAGE

Hitachi unveils storage for wind, solar energy

Brian Wingfield, December 3, 2013 (Bloomberg via SF Chronicle)

“Hitachi unveiled an energy-storage system that the company said will support wind and solar power and allow users to sell electricity into deregulated markets such as California…The units can be installed on high-voltage power lines, and will be able to capture excess energy produced by wind and solar sources so it can be sold back into the network when the demand for power exceeds the supply. The systems, which include telecommunications and lithium-ion battery technologies developed by Tokyo's Hitachi, will also minimize volatility on the power grid…Hitachi will begin testing the product in North America in the first three months of 2014, with a goal of selling it by the end of 2015…Hitachi estimates that the size of the U.S. market for devices that help stabilize the grid will be 20 gigawatts by 2020…The potential market size for its energy-storage system is 7.5 gigawatts…” click here for more

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