1. Another Breakthrough for Energy Storage? Innovative Auctions Made Prices Plummet

    Another Breakthrough for Energy Storage? Innovative Auctions Made Prices Plummet

    Rapid and low-cost development of renewables can reduce greenhouse gas emissions, but a lack of energy storage is one factor preventing wind, solar and other clean energy sources from dominating the energy mix. That could change with the use of an innovative procurement method that's generating excitement in the electricity sector: reverse auctions. We must rethink how utilities can grow energy storage capacity affordably. By flipping traditional auction models and harnessing reverse auctions, this technology could take off. We know the approach works because it can be partly credited for the recent surge in global renewable energy capacity.

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