The renewable energy storage industry may still be in its infancy, but it holds immense potential – some estimates suggest that this will be a US$50 billion global industry by 2020. Across our global network, our energy lawyers are seeing more and more interest in energy storage projects with an increasingly diverse range of participants.
Recent developments suggest that although e-storage costs will have to drop substantially to enable large scale implementation around the world, various technologies and applications are already economically viable and operational in various jurisdictions. Available e-storage technologies are being used in various ‘energy scenarios’ by players ranging from large industrial complexes looking to integrate storage technology in their energy management initiatives to mining companies looking for off-grid solutions for remote operations but also by utilities and aggregators enabling their consumers to optimise the use of renewable energy and grid operators for balancing purposes. Read more.
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