1. The Long Read: The Dawn of Megastorage

    The Long Read: The Dawn of Megastorage

    Last year was record-breaking for global energy storage deployment. The non-residential segment overtook the residential sector for the first time, with half of the 3.3 GW capacity installed in front of the meter, according to market analysts Wood Mackenzie. The drive toward large, utility-scale projects has been the single most noteworthy change for the industry over the last 12 to 18 months, with storage projects now exceeding 100 MW for four-hour durations.

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    1. The business conversation has shifted, and new increased project sizes lend themselves to solar-plus-storage.
    2. We are seeing more and more global capabilities of storage integrators where before it was largely regional markets.
    3. We have access to 160 countries through Siemens, and they are the eyes and ears if a new market makes sense.
    4. As we can provide a complete energy storage system containing a power control system (PCS), battery and energy management systems (EMS) by our own company, the costs have been reduced.
    5. We are looking to manufacture products that minimize bottom-line costs.
    6. It has become a less educational marketplace, and we are not talking much about what the capabilities of the projects are anymore. Instead, customers are starting to ask for what they want, and are also able to evaluate pricing at a much more sophisticated level.
    7. A lot of times these are infrastructure projects, so the warranties and guarantees look very different when coming from a large industrial company versus a small startup within the sector.
    8. Solar-plus-storage is at a tipping point where it effectively does the same job as conventional structures — but it does it cheaper.
    9. The average project size in our pipeline of opportunities right now is 200 MW, or 800 MWh, and we have many projects that are much larger than that appearing in the bid queue.
    10. After tens of years of noise on the island, when the engines turned off, it meant that there was going to be a blackout. Now, the lights go on in the silence.
    11. There were significant cost reductions in just a five-year period; prices dropped 70% between 2012 and 2017.
    12. Demand is a huge question mark right now.
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    1. Electricity Source:

      Fossil Fuels, Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Market forces, Microgrid & Community, Military, Residential, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Pumped Hydro, Sodium, Supercapacitors, Thermal, Vanadium, Zinc
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