Renewable Energy Storage Continues to Grow
While mainstream media headlines about energy seem preoccupied with the price of oil, interrupted Canadian oil sands production, falling oil output in Iraq, and so on, the unexciting but significant energy storage industry continues to quietly grow. In Q1 2016, the US deployed 18.3 megawatts of energy storage, according to GTM Research and ESA, reports Greentech Media. Like packaging and supply chain issues, energy storage tends toward wonky details—except that increased storage capabilities are crucial for the expansion of renewable sources such as wind and solar which are not available on a consistent basis. Total, the oil and gas company, has done the first billion-dollar-plus storage deal by acquiring battery vendor Saft. Look for other major oil and gas companies to position themselves in the renewables storage field.
John Howell, Editorial Director
ReportAlert: Arcadis publishes “Improving Quality of Life,” first Sustainability Report.