Week in smart metering - Storage a global trend

Car manufacturers want in on utility scale energy storage, writes Claire Volkwyn, editor, Metering & Smart Energy International.
Published: Wed 13 Jul 2016

Utility scale energy storage is fast picking up steam and car manufacturers like Tesla want in on the action. Over the past several days, Tesla has secured deals with Green Mountain Power, AES, Advanced Microgrid Solutions, OnCor and Southern California Edison.

This is in addition to CEO Elon Musk’s plan to turn Tesla into a vertically-integrated clean energy company with the manufacturing, sale and operation of products spanning from energy production to storage and consumption.

“We think there's really a huge opportunity here to have a highly-integrated, sustainable energy company that answers the whole sustainable energy question from the generation of power to storage to transport,” he said on a press call.

The growth of this trend in storage is being seen globally. Navigant Research announced recently that “momentum in the residential energy storage industry is growing rapidly as utilities begin to recognize the value residential energy storage systems can provide.”

According to the research, the residential energy storage market is most developed in leading markets such as Australia, Germany, Japan, and the United States. These are expected to account for 81.4% of the market – a sizeable opportunity.

Do you have any thoughts on the development of storage going forward? Share them with us here.

More from Metering & Smart Energy International

A new report indicates that the global battery storage market for smart grid is set to grow at a CAGR of 73% between 2016 and 2020. Technology research and advisory company Technavio stated that the growth can in part, be attributed to an increasing population and urbanisation, resulting in an increase in power consumption. [Battery storage for smart grid grows 73% through to 2020]. The firm states that excess power consumption has led to power outages in many countries and heavy loads during peak hours. The report notes that one of the reasons for power outages is the significant loss of electricity during transmission and distribution from power plants. 

Pacific Gas and Electric has partnered with SolarCity to demonstrate how coordinated use of smart inverters and behind-the-meter energy storage could benefit the grid. The Californian utility is collaborating clean energy company to install smart solar inverters and battery storage systems for residential rooftop solar customers. According to a company release, the project will “evaluate how [Pacific Gas and Electric] could enhance the stability and power quality of the grid and optimise solar generation and power flow management” through the coordination of DER with smart inverters and storage. [PG&E and SolarCity partner to boost grid stability].

US power and gas utility Consumers Energy announced its plans to complete the deployment of smart meters to all its customers by the end of 2017. To date, the utility has installed 1 million smart electric meters and 200,000 gas communication modules to enhance customer services and ensure accurate power and gas billing. [Michigan utility to complete smart meter rollout by 2017].According to a local publication, the utility company serving 1.8 million gas and electric customers in the US state of Michigan, plans to install the new metering system in the Battle Creek, Branch county-Coldwater, Ludington, Saginaw, south Midland and in the Tawas region throughout 2016.

The Jamaica Public Service (JPS) launched its project to deploy smart electric meters nationwide to ensure grid reliability and stability. According to a local publication, this year alone, the utility company plans to install 20,000 smart meters at a cost of $5 million. The project will focus on seven Jamaican parishes Kingston, St Catherine, Clarendon, St Ann, St Mary, St James and Westmoreland. [Jamaica launches nationwide smart meter rollout]. Consumers will have their meters replaced with the new meters free of charge.

A new study forecasts revenue in the Low Power Wide Area Network (LPWAN) market to grow 89.3% between 2016 and 2021. The growth will result in revenue within the sector rising from $1,01 billion in 2016 to $24,46 billion by 2021. The increase in adoption of the LPWAN will be a result of efforts by developing countries to enhance network connectivity. [Global LPWAN market revenue to reach $24,46bn by 2021]. The study analyses the market in segments including the connectivity technologies, technology services, network deployments and applications to provide a forecasts of the market trends in various regions.

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