Quick Take: As the KEMA news release says: "Uncertainty about the total cost and value of energy storage device makes it difficult to determine payback." As a result, utilities often hesitate to add storage to their technology toolboxes. But new methods are emerging to solve this issue. Here's a new tool from KEMA (see below). And we've previously shared stories with you on monetizing energy storage, up and coming smart grid storage technologies and why it's essential to choose storage technologies very carefully (because many may fail as the grid-scale storage wars grind on). – By Jesse Berst
KEMA is well aware that energy storage technologies vary drastically – from electric batteries to flywheels and more – with equally drastic differences in deliverable power, efficiency, discharge time, cycle life and other operational elements. And, uncertainty about total cost and value makes it hard to determine payback, adding to the confusion and uncertainty.
Read the full story