Since I’m at an energy storage conference in Boston today, this is a great story to lead with today – and its really telling. 40% of large scale solar in the development pipeline – that’s a lot. The reason this is so fundamentally important is that we know the sun goes down – but we also really need to be able to take advantage of the cheap, clean energy from solar. And this is starting to happen today. All over the country we’re seeing solar power start to get coupled with energy storage. We’ve seen the largest projects bid in the world, California – left and right – is dropping gas and transmission for solar +storage, and every single large developer that I speak with on a daily basis is talking solar+storage. Check the picture of a slide I took a few minutes ago – focus on the equation at the bottom. That’s how the state of Massachusetts hopes to fund energy storage projects.
Deep thought, hard work and a lot of action in energy storage. It’s here folks.
SOURCE: Research found that the “global utility-side-of-the-meter pipeline” increased by 2.9GW in Q1 2018 alone, from 7.5GW at the end of 2017 to 10.4GW today. It’s important to note that the pipeline is collated from announced, not completed, projects.
- South Korea: 460MW
- USA: 320MW
- Japan: 245MW
- UK: 225MW
- Germany: 175MW