COST OF BATTERY STORAGE CAN DROP 70%

E-storage: Shifting from cost to value 2016

January 2016 (World Energy Council)

“…[Energy] 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 concludes] that a narrow focus on levelised cost alone can be misleading…[The report] estimates that with the many new technologies in the pipeline, storage costs of energy will fall by as much as 70% over the next 15 years. Solar storage will become more competitive as new battery technology drives prices down, and wind storage more attractive as technical advances in areas such as composite materials enables the power generated by wind turbines to increase…[The right policies to drive these changes must]…Go beyond just costs…Examine storage through holistic case studies…Work with operators and regulators to accelerate the development of flexible markets…Establish supporting policies and an enabling regulatory framework…Consider storage as a key component for grid expansion or extension…” click here for more

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