The year is 1878. The city of Paris is hosting the third annual World Fair, featuring the latest in fine art and innovative machinery. For the first time in history, 64 electric street lamps, running the length of the Avenue de l’Opera from the Louvre to the Palais Garnier Opera House, are lit with the flick of a switch.
Aging batteries from electric cars will soon find a second life as power-storage systems for homes and offices, according to Bloomberg New Energy Finance.
Grid-scale energy storage will move closer to commercial reality on Friday when the U.K.’s grid operator offers contracts to companies to help balance the network, a key measure needed to help balance increasing supply from renewables.
Senator Martin Heinrich (D-NM) introduced S. 3159 to make energy storage eligible for an investment tax credit (ITC) under section 48. The bill introduced last month would make energy storage systems with a capacity of at least five kilowatt hours, regardless of whether it was supplied by a renewable resource, investment tax credit eligible. For instance, a stand-alone storage project that drew power from the grid would be ITC eligible under this bill.
The paradigm of power generation is changing, and an increasing number of decentralized small-scale cleantech solutions are evolving. For technology providers, the first reference projects are extremely important milestones of the market-entry process.