Though growing exponentially, solar plays a very small role on most power grids, less than 1%. That hasn’t stopped incumbent power companies from screaming foul, making a case that the variability of solar Short Term Energy Storage is costly and gets pushed to non-solar customers. At such low penetrations, these claims are laughable, but that will not stop the argument from being made. Net metering, which forces utilities to manage home solar variability is under assault in the United States.
Combined with energy storage, soar’s biggest liability becomes its biggest asset. Combining solar and Short Term Energy Storage Units creates a dispatch able asset that can replace almost any grid service,” says Edema. Even more, costs are declining.
Immediate opportunities for solar plus storage:
Demand charge reductions
Now is bringing on the development of new business models that integrate not only storage, but other distributed energy resources into single projects. These projects include micro grids, and off-grid projects, combining assets that generate revenue at varied rates.
Vault Space is at the forefront of the added complexity variable rates bring to asset management, but anticipate better tools in the future for tracking distributed energy portfolios which include more than solar panels.
As the cost of solar panels declines, the every other cost makes up a greater share of the installation cost, so low-cost solar panel racking and improved methods will be needed to drive down the cost of installations. Visit Us