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Renewable energies are increasing their presence in the energy mix. According to the IEA, generation through renewable sources increased by 16.7 percent in a year-on-year basis in 2017 in OECD countries. While this is good news in terms of reducing the use of conventional, polluting sources, their interaction required with the grid consumers in terms of stability is yet a problem to be solved.
While there are several ways of storing energy, from flywheels to molten salts, the use of batteries is one that is taking strength in the market thanks to technology improvements and decreasing costs. Battery storage projects are becoming a reality, and as proof there is Ørsted’s announcement that the company will build and operate a 20MW battery storage project near Liverpool, in the UK. The project is expected to become operable by the end of this year.
While storage projects alone are becoming profitable for companies interested in the sector, it is truth that regulation has to allow for the introduction of those systems into the grid. In that sense, New York has also announced that it will allow for distributed energy storage projects of up to 5MW to connect to the grid.
With financial viability being achieved and regulations allowing for storage projects to come online, it is not a surprise that GTM Research forecasts that over 3GW of battery storage will be deployed in 2018 globally, almost doubling the capacity installed during 2017 of 1.9GW.
In Mexico there is still a long way to go for battery storage to become a widespread practice across the energy industry, but companies are increasingly showing interest to deploy these kind of systems. A proof of that is NEXTracker, who presented its NX Fusion Plus, a solar plus storage technology, to the Mexican market during an exclusive cocktail organized by Mexico Business Events. To get to know more about NEXTracker’s plans in the Mexican market, check out our Interview of the Week with Alejo Lopez, Senior Director of Business Development and Sales for Mexico and Latin America for NEXTracker.
For more articles on Mexico’s energy industry, check out our blog!