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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (105245)	3/26/2014 12:05:58 AM
From: elmatador	Read Replies (1) \| Respond to of 219538

Japan energy storage subsidies to spark market growth for consumers and businesses installing energy storage in Japan and Germany is forecast to spark a drive to install the systems and help drive down costs just as they did for the solar PV industry over the past decade. Japan energy storage subsidies to spark market growth Wed, 03/19/2014 - 11:44am Sam Wilkinson, IHS research manager for Energy Storage The introduction of subsidies for consumers and businesses installing energy storage in Japan and Germany is forecast to spark a drive to install the systems and help drive down costs just as they did for the solar PV industry over the past decade. The recent introduction of a subsidy in Japan will help drive nearly 100 MW of energy storage to be installed in Japan in 2014. Japan’s share of the total global grid-connected storage market – including all interconnection locations - will reach 12 percent in 2014 whilst Germany which last year initiative a PV energy storage subsidy will claim a 11 percent share of that market this year. Just as these two countries fuelled the dramatic growth of the solar PV industry throughout the past decade by introducing feed-in tariffs and subsidies to help lower the cost of solar PV and create a roadmap to continued cost reduction, we expect a similar path to occur for energy storage. IHS expects that the ¥10 billion (~$98M) budget set asides by Japan’s Ministry of Economy, Trade and Industry will be sufficient to subsidize approximately 60 MW of behind the meter energy storage installations. The PV subsidies pioneered by Japan and Germany have subsequently been used as a template in dozens of other countries which has led to dramatic growth and massive cost reduction, allowing PV to compete with traditional sourced, unsubsidized in many markets. We predict a similar story for energy storage and expect other countries will follow suit in the coming years, introducing storage as they see the benefits that it can bring to ageing grid infrastructure with increasing penetration levels of renewable sources. As such we expect 6 GW of storage to be installed in 2017, with 1.5 GW of this being co-located with utility-scale renewable sources and over 2 GW in behind-the-meter systems, many of which will also include PV systems. At the same time, and driven by these and other subsidies, we expect the price of energy storage systems to fall by nearly 30 percent by 2017, allowing them to become economically viable solutions in several markets and applications.~ Solar storage market tipped to boom in Germany By Sophie Vorrath on 25 March 2014 Sales of residential solar storage systems in Germany are tipped to boom, with new figures projecting roughly 20-fold growth over the next four years. A study by research outfit EuPD, commissioned by investment body Germany Trade & Invest (GTI), has predicted a nationwide market of 100,000 units by 2018, up from 6,000 last year, citing falling PV prices as the “most significant reason” for this “monumental” commercial growth. As we wrote last last year, Germany’s “energiewende” has been a big contributor to the 80 per cent fall in the price of solar modules, and the government is now looking at ways to bring down the cost of the next piece in the puzzle of its renewable energy transition – battery storage. In the first half of 2013, it kicked off a program to finance the introduction of battery storage into homes and small business – a move it has described as absolutely essential for the European nation to successfully achieve, and move beyond, 40 per cent renewable penetration. Within six months of the program’s launch, 1,900 homes and small businesses had put their hands up for government loans and grants to install battery storage with solar systems at their homes. By November, around €32 million in loans had been allocated and €5 million in grants, about 10 per cent of the sums allocated in the initial phase of the program. Earlier this month, another EuPD report found that more than two-thirds of German PV installers are now offering energy storage options to their customers, with British and Italian counterparts set to follow suit. The study also found that Germany had the biggest uptake of household energy storage systems due to the fact that a percentage of storage system costs were paid as a direct subsidy to consumers. “A battery is the next logical investment for owners of solar power installations and whose systems are coming to the end of their 20 year contract lifetime,” said Tobias Rothacher, senior manager for renewable energies at GTI. “Most of these systems will still produce electricity even after their 20 year feed-in tariff period.”