SOLAR + STORAGE EXPLAINED

Understanding the Basics of Solar PV and Storage Technologies

Michael Barker, March 17, 2014 (SolarBuzz)

“The amount of intermittent [wind and solar] power generation sources, as a percentage of total global power production…[Solar PV had a global compound annual growth of approximately 50% over the past decade…[and is projected to] account for over 10% of total power generation within the next 15-20 years…[Energy storage is becoming increasingly important]…[There is] mechanical, thermal, and chemical [storage]…Mechanical storage [like] flywheels, pumped hydro, or compressed air energy storage]…convert electricity to another form and is then used to turn a turbine and reconvert that potential power into electricity…Thermal storage systems [like] molten salt storage and ice/water cooling systems [either heat or cool a storage mechanism]...Chemical storage systems are generally battery-based systems…[T]here are still questions surrounding the implementation…[but if] storage system prices can maintain a rapid downward cost trajectory…interest will only continue to increase…” click here for more

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