Grid-scale storage: steady growth, not boom and bust

There is a growing market for grid-scale energy storage projects, such as the 200MW of Alevo battery technology that will soon be used for US grid frequency regulation.

In a growing market for grid-scale energy storage projects, 200MW of Alevo battery technology will soon be used for US grid frequency regulation. Photo credit: Alevo Group

Fears over energy storage hype resulting in a boom-and-bust cycle appear unfounded on the basis of grid-scale deployments so far, a top analyst has confirmed.

Bloomberg New Energy Finance associate Logan Goldie-Scot, who will be speaking at the Energy Storage World Forum next month, told Energy Storage Report: “We see continued steady progress instead of a huge leap in 2015.

“We certainly think the market is growing. But I don’t think we’re at a point where we’re going to see a huge leap in capacity on the ground, just because we already have visibility of much of 2015.”

The prediction is a welcome one for a sector that has long been considered prone to hype, with reports frequently citing an upcoming boom. And in fact, said Goldie-Scot: “There has been quite a lot of progress since last year.

“Especially in North America, we’re now seeing projects getting commissioned and working their way through the development process.”
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