More than four out of five attendees believe 41 percent or more of utilities will be including energy storage in their IRPs within five years — and their optimism seems justified. GTM Research’s tracking shows the trend is not just emerging — energy storage is becoming the norm in utility planning.

In fact, Oregon is a sign of the times for utilities — Portland General Electric recently announced RFPs for up to 39 megawatts, the upper limit of the state’s energy storage mandate. When was the last time we saw a utility outpace legislators?

Lithium-ion is the undisputed king – who will emerge as its challenger?

energy storage technologies and lithium-ion

 

Flow batteries draw the most optimism, with nearly half of attendees citing them as the most exciting technology for utility-scale applications. As system durations continue to grow, flow battery manufacturers are increasingly bullish on their pricing, claiming the high ground for 6-hour or longer duration and even eyeing the coveted 4-hour mark.

In the most definitive result, solar emerges as storage’s one true love

 

According to GTM Research’s latest analysis, coming out this quarter, a residential solar-plus-storage system installed today in SDG&E, PG&E or SCE’s service territory in California can break even within seven years, even without the Self-Generation Incentive Program.

Utility-scale solar-plus-storage PPAs are also reaching record lows as costs drop, and recent analysis has examined just how low costs will have to go to sustain these rock-bottom LCOEs.

We also asked participants:

  • When will behind-the-meter megawatt deployments outstrip front of the meter?
  • What is the most effective way an energy storage project can differentiate itself from its competitors?
  • What will the keynote presentation be at Energy Storage Summit 2022?
  • And more..

Download the free report here.

2017 The_Next_Five_Years_in_Energy_Storage_According_to_500_Energy_Professionals

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