Top 3 Success Indicators for the Energy Storage Market in 2011

Three Buildings, Energy Storage Success Indicators2011 was certainly a standout year for energy storage. A key indicator of an increasingly supportive international environment for the space was the tremendous growth seen in investment capital worldwide. According to Ernst & Young, U.S. energy storage investment alone rose 253% from 2010 to $932.6 million in 2011. In fact, energy storage led all cleantech investment sectors in Q3 with $524 million in VC injections. This came as awareness of not only the vast array of beneficial applications of energy storage grew, but also as the cost of previously cost-prohibitive technologies continued to fall into attainable range for wide-scale production and application.

Energy storage saw boons in legislative support as well, as policies were introduced and passed to support its development and application, adding to commercial and investor awareness alike. This is certainly smoothing the way towards great increases in research capital and sector growth.

Most notable of policy support was the introduction of the Storage Technology of Renewable and Green Energy Act  (STORAGE) by Senators Wyden, Collins, Bingaman which would recognize energy storage as a stand-alone technology, the spectrum of which would therefore be eligible for rebates similar to those given for renewable energy installation via the ITC (investment tax credit). This would mean that businesses and homeowners alike would be eligible to recoup up to 30% of storage project costs, including those for batteries and other storage technologies.

Another much-talked-about impact to the regulatory environment came with an important amendment to the California SGIP (Self Generation Incentive Program). The program, which has offered incentives for various energy-related cleantech in the state since 2001, previously incentivized energy storage only if it was directly connected to a renewable energy project. The amendments made last year, like that of the Storage Act of 2011, include updating the program’s view of energy storage to that of a stand-alone technology eligible for incentive independent of the energy source it is connected to. It should be noted that, like in much of the SGIP, this incentive favors end-user vs. utility-level implementation.

These three key indicators of energy storage sector momentum; 253% growth in investment, introduction of the Storage Act of 2011, and amendment of the CA SGIP, speaks volumes to the propulsion of energy storage into key playing position in the international energy community and related business and investment communities that stand to benefit from it’s growth.

transportation

Get revved. BeVault offers Lithium ion traction packs that can elevate the operating power and eliminate the pollution associated with passenger and commercial vehicles. BeVault technology delivers:

  • Greater efficiency with full discharge rates
  • More flexible distribution of power
  • Higher levels of useable energy
  • Longer battery life cycles
  • Increased safety across all conditions

Please contact us for additional information.

commercial

We offer a powerful tool. BeVault Lithium Ion Battery storage systems are custom-tailored to your commercial needs—delivering smarter power and better performance across everything from machinery to larger-scale complex systems with UPS needs. BeVault systems feature:

  • Designs to exclusively suit your specific commercial needs
  • Consistent discharge that increases performance
  • Complete flexibility to scale batteries and voltages
  • Lower cost due to longer battery life cycle
  • Higher degrees of safety across all conditions

Please contact us for additional information.

 

renewables

It’s easy being green. With BeVault lithium ion battery storage systems, your business can effortlessly adapt renewable sources including solar, wind, tidal and others—to help maximize energy and minimize cost. We give you:

  • Seamless integration that ensures consistent flow of power
  • Maximum power storage regardless of weather conditions
  • Lower costs through storage of power during off-peak periods
  • Greater stability through battery discharge on demand
  • Easy adaptation to existing and future technologies

Please contact us for additional information.

 

electric grids

It’s easy being green. With BeVault lithium ion battery storage systems, your business can effortlessly adapt renewable sources including solar, wind, tidal and others—to help maximize energy and minimize cost. We give you:

  • Seamless integration that ensures consistent flow of power
  • Maximum power storage regardless of weather conditions
  • Lower costs through storage of power during off-peak periods
  • Greater stability through battery discharge on demand
  • Easy adaptation to existing and future technologies

Please contact us for additional information.