Posts tagged with "U.S. Energy Storage"

U.S. Energy Storage Expected to Double in 2019

Companies and municipalities around the country and the world are constantly pushing the green energy movement forward into the future, offering innovation and inspiration for renewable energy and technologies this year.

U.S. energy storage in 2019

Green energy concept with solar panel and batteryIn 2019, energy storage in the U.S. is expected to double.

Supported by new policies, technology, and start-ups in this burgeoning field, the landscape for battery storage is increasingly diversifying, with large-scale utility units being used on bigger projects and storing more megawatts than ever before.

What is perhaps the most exciting part of this all is that residential and commercial batteries—batteries that could support a household—have become more powerful, with bigger outputs and more capabilities. This means we could soon find ourselves with the ability to store energy at a scale large enough to power our homes for a significant period of time.

On that note, the figures going forward are promising.

U.S. energy storage in 2020

After doubling in 2019, energy storage here is then expected to triple in 2020, demonstrating that this trend isn’t going anywhere anytime soon.

Each year, more states are changing their regulations to allow batteries, albeit at pilot levels, to enter their energy markets. Strong performances here could convince lawmakers and consumers alike that these batteries can go beyond pilots, and become a real player in the energy industry.

In other words: energy storage is here to stay.

Whatever the news may be, we here at Pope Energy are keeping tabs on the newest innovations in the market, to offer customers the best products and services available.

To learn more about energy storage, batteries and solar development, contact us today!

U.S. Energy Storage Market on the Rise

Current projections estimate that the U.S. energy storage market will reach a value of $4.5 billion by 2023. The third quarter of 2018 had almost twice the scale or projects reported from the third quarter of 2017 showing the level of swift advancement within the industry.

Here at Pope Energy, we pride ourselves on our advocacy for renewable energy initiatives across the state that fosters this expansion. In light of the booming energy storage market and the increase of available incentive programs, now is the perfect time to contact us to discuss the benefits of a large-scale solar project!

Renewable Energy StorageHow Massachusetts is making an impact in energy storage

The Solar Massachusetts Renewable Target Program (SMART) aims to double the state’s solar power capacity. The strategy to reach this goal is to make more solar projects viable by providing tiered incentives to promote solar, with additional benefits if storage is attached.

Adding inducements specific to storage encourages more projects to include that element in their plans, which contributes to greater overall solar capabilities of the state.

Massachusetts’ installed storage to increase exponentially in 2019

The U.S. Energy Storage Monitor reports that Massachusetts’ installed storage is forecasted to increase from 5.4 MW in 2018 to 54 MW in 2019. The report categorizes the SMART Program as a “massive near term opportunity for solar-plus-storage.” Favorable regulations for emerging technologies in the energy storage industry contribute immensely to the expansion level we are seeing right now. While these energy-advantageous laws are in effect is the perfect time to discover the benefits of renewable energy storage.

Across the country, energy storage is increasingly being recognized for its economic potential. The future of energy storage in the United States is on the rise, rapidly expanding each quarter. To find out more about the SMART Program and how you can become part of this growing market, please contact us! With all of the incentive opportunities available, now is the time to explore the advantages the renewable energy sector can provide.

Renewable Energy Markets Worldwide: What to Expect in 2019

Renewable Energy World MarketsThe global energy storage market is growing by leaps and bounds due to well-designed state energy policies and declining storage cost. Although the annual installation size of energy storage sat at under 0.4 gigawatts back in 2012, it currently sits at right around 6 gigawatts and is expected to grow to more than 40 gigawatts within the next five years.

There are a variety of different renewable energy markets across the world that are helping guide this growth.

Here are a few markets to keep an eye on in 2019.

Energy Storage in China

Although China hasn’t been strong historically when it comes to energy storage, it appears as though they’re poised to change that in 2019. They have more than 2 gigawatts worth of electrochemical storage projects underway at the moment and are predicted to keep growing as a renewable energy market next year.

Wind Power in Japan

There has been some hesitancy in Japan to bet big on offshore wind energy in the past, however Tokyo Electric Power Company, which is one of the largest utility companies in Japan, sounds like they’re ready to take the leap.

If all goes according to plan, it would provide a huge boost to the global energy storage market.

Solar Power in Nigeria

Nigeria has the largest economy in Africa at the moment and is also the biggest oil producer on the continent. Yet, more than 50 percent of the people in the country don’t have direct access to clean energy.

This could all change in the coming year as Nigeria makes a push to establish its solar market.

Energy Storage in the U.S.

America already leads the world in energy storage, but that isn’t going to stop U.S. companies from continuing to push forward with new renewable energy projects. California, Hawaii, New York, the Carolinas, and Massachusetts are all expected to play a big part in further energy storage developments in 2019.

At Pope Energy, we specialize in developing and constructing large-scale solar photovoltaic projects for our clients and work towards reducing your energy costs with batteries and other energy storage technologies. Call us at 855-767-3363 today to see how a solar development project could benefit you.