Azores Wind-Solar-Battery Storage System to Reduce Environmental Impacts 43 Percent
Recent grid outages coupled with increasingly frequent extreme weather events and increasing use of renewable energy resources are boosting calls on government and regulatory authorities to institute policies conducive to faster and higher volume deployment of battery-based energy storage management systems (BESS).
Responding to grid outages in South Australia, Tesla CEO Elon Musk touched off a Twitter “storm” this week when he said the company could solve the problem within 100 days. Musk’s pledge that Tesla would install as much as 300 megawatts (MW) of lithium-ion BESS capacity within that time frame or do the work for free galvanized politicians, the industry and broad public and led to a meeting with Australian PM Malcolm Turnbull.
Despite sharp declines, the cost of installing Li-ion battery storage remains high. By and large, existing regulatory frameworks limit the extent to which they can be applied and economically compete with conventional grid technology. Proponents point out that there are substantial, unaccounted for social and environmental benefits to be gained by deploying BESS; particularly when it comes to integrating BESS with distributed renewable energy assets, however.Read more