California is set to become a global powerhouse for energy storage technology commercialisation in the next half decade, a new guide says. ‘Commercializing Energy Storage in the United States’, published by Energy Storage Update, forecasts that California’s unprecedented 1.325GW storage mandate will turn the state into the world’s leading energy storage test bed.“This opportunity is significant because it will force utilities to deploy energy storage technologies at increasing levels between now and 2020,” says the report. “California is effectively set to become a major proving ground, with learning from the market serving to help deploy energy storage at scale elsewhere in the US and worldwide.”
A key finding is that California will not only be able to help with the commercialization of technologies that are already gaining mainstream market acceptance, but also those that are still in the early stages of development.
Californian utilities will likely stick to tried-and-tested energy storage concepts in the early stages of the California Public Utilities Commission’s Assembly Bill 2514 regime, then branch out into more exotic fields as their procurement targets increase up until 2020.
“This scaling up will not only give current, more established storage technologies the chance to be tried and tested in a utility grid setting, but will also potentially allow those that are still in development to be put to the test,” the guide says.
Other issues covered in the free report include:
- The role that banks and venture capital investors have played in bringing technologies to market.
- What can be learned from the commercialisation of wind and solar technologies.
- The status of demonstration projects in the US.
Jack Ahearne, the leading researcher at Energy Storage Update, says: “2014 is shaping up to be a critical year for the commercialisation of a diverse range of energy storage technologies. This guide provides a detailed market update that assesses the critical roadblocks companies must overcome to ensure growth in the project pipeline.”
To read the guide, just go to http://www.energystorageupdate.com/usa/content.php