A proper valuation of energy storage services needs to take center stage in the next phase of the U.S. Department of Energy's Quadrennial Energy Review, said a panel including a public power CEO.
The U.S. energy storage market is expected to exceed 2 gigawatts in capacity and be worth nearly $3 billion by 2021, according to a quarterly report from GTM Research and the Energy Storage Association. The sector hit a financial milestone with the recent announcement of a record-breaking acquisition, the report said.
Innovation is the key to the new utility business model as disruptive technologies such as home energy storage and distributed generation change the market, according to a new report from PwC global power & utilities.
California Gov. Jerry Brown on Sept. 26 signed into law several pieces of legislation that are aimed at boosting energy storage in the state.
Germany-based Daimler AG, the parent company of Mercedes-Benz, on Nov. 3 said it is expanding its stationary energy storage business to the U.S. market.
The Federal Energy Regulatory Commission on Jan. 19 issued a policy statement that the commission said will offer additional guidance for electric storage resources seeking to concurrently recover their costs through cost-based and market-based rates.