Fourth generation grid battery solution delivers dependable, cost-competitive energy storage for utilities and renewable developers
ARLINGTON, Va.–(BUSINESS WIRE)–AES Energy Storage today introduced AES Advancion, a complete battery-based grid resource – delivering the services expected from peaking power plants, with added benefits. Advancion is the fourth generation of AES-designed grid energy storage solutions and is now offered to utility companies and renewable developers in select markets. The offering incorporates six years of commercial experience developing, owning and operating storage assets, bringing utility buyers a smart, cost-competitive solution within established industry business models. With 200 MW of storage resources deployed and in construction and over 1.5 million MW-h of service delivered, AES is an established leader in providing dependable grid-scale energy storage solutions to utilities and power markets.
Annual installations will reach nearly 13,000 MW by 2020, report concludes
BOULDER, Colo.–(BUSINESS WIRE)–One part power electronics and one part networking and communications technology, microinverters and DC optimizers (commonly referred to as module-level power electronics, or MLPEs) are playing an increasingly significant role in large-scale and distributed renewable electricity generation. With the potential to improve the grid’s reliability and increase the overall energy harvest of solar PV projects, they are essential for integrating large amounts of renewable energy onto the grid. Click to tweet: According to a recent report from Navigant Research, annual installations of MLPE capacity will grow from 1,185 megawatts (MW) in 2013 to 12,844 MW by 2020.
Individually owned EVs will be able to participate in grid services in the second half of this decade, report finds
BOULDER, Colo.–(BUSINESS WIRE)–Though negligible today, the market for plug-in electric vehicles (PEVs) equipped with vehicle-to-grid (V2G) technologies – which enable the vehicles to participate in ancillary services for the power grid – is expected to expand steadily in the coming years. Compelling business models for V2G technologies are starting to emerge in select markets around the world, and it’s expected that individually owned electric vehicles will be able to participate in grid services in the second half of this decade. Click to tweet: According to a recent report from Navigant Research, more than 250,000 V2G-enabled PEVs will be sold worldwide from 2013 to 2022.
ADR technology will help accelerate the adoption of distributed power generation, report concludes
BOULDER, Colo.–(BUSINESS WIRE)–As the power grid moves away from traditional central power plants and toward more distributed energy resources to address future energy needs, demand response (DR) is a growing part of the resource base that electric system operators use to maintain reliability on the grid. Advanced technologies such as automated demand response (ADR), which automates the DR dispatch process without any manual intervention, are helping to speed this transition and enhance reliability along the way. Click to tweet: According to a new report from Navigant Research, the number of ADR-equipped sites worldwide will grow from fewer than 217,000 in 2014 to more than 1.9 million by 2023.
BOULDER, Colo.–(BUSINESS WIRE)–More than 1,300 gigawatts (GW) of wind and solar power generation capacity are expected to come online in the next 10 years, creating an unprecedented amount of instability on the grid—particularly in key markets within North America, Western Europe, and Asia Pacific. As grid operators adapt to increasing levels of variable generation on their systems, energy storage systems (ESSs) will become an integral element of their overall strategies. According to a new report from Navigant Research, the installed capacity of energy storage systems for solar and wind power integration will total 21.8 GW from 2013 to 2023.