Study: Even at current prices, energy storage makes economic sense for many renewables projects

Even at current market prices, various different energy storage options make economic sense for renewable energy projects in some locations, according to new research from MIT. The energy storage options profiled by the study included: battery systems, pumped hydroelectric storage, and compressed air energy storage, amongst others. While these options are economically a good choice in some locations, in other locations, they are not. The study also found that “regardless of the particular circumstances at…

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Study: Even at current prices, energy storage makes economic sense for many renewables projects

Even at current market prices, various different energy storage options make economic sense for renewable energy projects in some locations, according to new research from MIT. The energy storage options profiled by the study included: battery systems, pumped hydroelectric storage, and compressed air energy storage, amongst others. While these options are economically a good choice in some locations, in other locations, they are not. The study also found that “regardless of the particular circumstances at…

Solution News Source

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