Is Energy Storage Technology Truly Economical?

True or false: solar and wind power are freely available and clean, and thus should always be stored when they generate more energy than the grid can use? It’s easy to assume that renewable energy should never be turned off, but scientists at Stanford have done the math to find the break-even point where storing energy is better than “wasting,” or curtailing, that energy, and their findings aren’t necessarily as you’d think.

Though curtailing energy production results in an immediate energy loss, avoiding that loss through energy storage also requires an investment of energy, either through manufacturing batteries or building infrastructure. However, not all storage is the same, nor are the energy demands of creating wind and solar farms equivalent. By expressing all the energy in equivalent terms, the team could compare the return of energy garnered from solar and wind with the energy stored in batteries, per unit of energy required to build either (expressed as EROI for return of energy, and ESOI for the storage of energy).

utility-storage-cover

Because solar panels are more energetically expensive to produce than wind turbines, the EROI values differ by a factor of ten. When looking at various types of batteries, even more efficient flow batteries, all had much lower ESOI values than the geologic energy storage methods studied, which were compressed air energy storage and pumped hydroelectric storage.

Factoring in these differences, the study’s results show it’s currently always a better option to store solar energy because of the high energetic cost to recoup. However, the only storage options that are always better than curtailment of wind are geologic methods, with battery storage becoming better than curtailment depending on the fraction of energy being used in the grid instead of being stored or curtailed. In the graph below, you can read the ? in the bottom axis as representing that fraction. At the far right, if 100 percent of the energy is being curtailed or stored (i.e., none is going to the grid), then storing it is just barely a better option with any battery type. But at other rates it depends on the battery type.ll had much lower ESOI values than the geologic energy storage methods studied, which were compressed air energy storage and pumped hydroelectric storage.

It seems counter-intuitive that wind energy should be so cheap yet benefit in most cases from curtailment. But Michael Dale, one of the co-authors of the study, compared it to storing valuables in a safe. “You wouldn’t spend $100 on a safe to store a $10 watch,” he writes. In some situations it may even be preferable, in terms of energy expenditure, to build a new wind turbine rather than build storage for existing turbines.

The authors also make it plain that they’re condensing the question down to comparing one variable: the energetic trade-offs involved. But relying on economics alone avoids these considerations, and can even turn so-called green energy into the opposite. The authors calculated how much the life cycle of batteries would need to improve before becoming a viable option for wind – by a factor of two to 20, depending on the type of battery. But more importantly they also encourage the development of technologies that can use the otherwise curtailed energy in applications that aren’t harmed by being intermittent, such as systems to pump or purify water.

Sources: Stanford UniversityRoyal Society of Chemistry

 

iControl Raises $50 million in Round of Funding

iControl, a leading provider of broadband home management software, said today that it raised $50 million in its fourth round of funding. Investors in the latest round included Cisco Systems, Rogers Communications, Comcast Ventures, Intel Capital, Kleiner Perkins Caufield & Byers, Charles River Ventures, and Tyco International.

The Palo Alto, Calif., firms sells networking software that telecom and other companies can integrate into their larger home automation and energy management software. Broadband providers can then allow homeowners the option to tie in web-enabled devices into iControl’s OpenHome software.

One of the flagship parts of the software is home energy management. It’s part of a batch of smart-grid technologies — which use advanced algorithms and sensors to distribute electricity more efficiently. The software, running on the security hardware made by companies like General Electric, Honeywell and ADT, manages data received from a network of sensors placed around the home.

Homeowners can tie in electricity meters and thermostats to monitor and manage their energy usage through web-based interfaces like an iPhone or a web browser.

The company raised $15.5 million in another funding round closed in 2008. It raised $43.5 million in three years before its most recent round of funding. Its total funding now amounts to more than $100 million, though the company wouldn’t give an exact number. That’s a substantial figure for a service that has yet to be adopted by mainstream energy consumers, but having the financial backing of some big names in Silicon Valley may help iControl reach its ambitions.

Teryn Norris: The Rise of China’s Green Mercantilism

China is rising to dominate the clean energy industry primarily due to direct government subsidies, according to a new investigative report by the New York…
Read more on The Huffington Post

Clean Energy Trust Receives $1.05 Million U.S. Department of Energy Grant; Organization Looks to Create Clean Energy …

CHICAGO–(BUSINESS WIRE)–The Clean Energy Trust has received a .05 million grant from the U.S. Department of Energy (DOE) to help transfer research from Illinois’ world-class universities and science labs into clean energy
Read more on Business Wire

Santa Clara University to Harness the Academic Power of Renewable Energy

Santa Clara University’s School of Engineering is now offering a Renewable Energy Certificate for engineering graduate students. The certificate helps engineers in the semiconductor field prepare for one of the fastest growing sectors in world – alternative energy. The certificate helps refresh the skill set of experienced engineers/professionals looking to …
Read more on Business Wire

Electricity use curbed by pricing? Smart Meter pilot program

A Washington, D.C. pilot program reveals interesting data about the way U.S. consumers might respond to smart meters and peak usage plans.
Read more on CNET

Federal Grant Money Used to Build Public Safety Grid

Federal grant money will help the Hagerstown Police Department build a cutting-edge public safety grid across the city.
Read more on The Herald-Mail

Cisco and Itron Join Forces to Deliver Next-Generation Smart Grid Platform

Cisco’s Standards-Based IP Architecture to Power Itron’s Market-Leading Smart Meter System; Solution Will Create a Consolidated Network for Utilities, Make Possible More Reliable Delivery of Energy to Homes and Businesses
Read more on Marketwire

Industry survey reveals challenges of smart grid customer adoption efforts

As efforts to modernize the electricity grid role out across America, there’s evidence that using smart grid technology will prove a tough sell to consumers, according to “Smart Grid: Achieving Customer Buy-in” a report by Energy Business Reports .

While the smart grid has been hailed as essential to America’s independent energy future, its success is determined by end users’ willingness to accept a shift in how they use and monitor their energy use. In a recent study, 68% of Americans have never heard of the smart grid, indicating that at the core of smart grid adoption efforts is customer education.

The “Smart Grid: Achieving Customer Buy-in” report examines how the industry can achieve customer adoption of smart grid technologies, and includes the results of a survey of 240 industry professionals including utility executives, professors, commercial users, and energy policy makers.

“It’s clear that the customers who DO understand what the smart grid is, still aren’t convinced that it will save them money, or benefit them in any other way. The industry must be able to demonstrate real savings through (successful) smart grid demonstration programs, and offer incentives for initial adoption,” says Barbara Drazga, Publisher, EnergyBusinessReports.com.

The smart grid vision is to create a fully integrated network that enables real-time information exchange between the utility and its customers, and provides diagnosis and resolution of problems by joining together transmission and distribution, communications, and back office systems.

But consumers are at worst, clueless to the smart grid concept, and at best, confused about how smart grid technologies will benefit them. According to Alan Destribats, Vice President, Utility Practice, JD Power and Associates “The rational for the smart grid has to be in the benefits to the consumer, how it will help the consumer save money and be more energy efficient. The consumer will only respond to positive benefits, not threats of higher on-peak rates or a utility controlling its appliances.”

In this “Smart Grid: Achieving Customer Buy-in” report, you’ll learn what utilities are doing right – and wrong ­- in converting customers and making smart technologies more ‘user-friendly’, and discover what steps the utilities must take in order to increase consumer knowledge and acceptance of smart grid technologies.

This report sells for $297. View full details at:

http://energybusinessreports.com/shop/Smart-Grid-Gaining-Customer-Buy-in.html?v=1&itemid=3300&ref=EB

About Energy Business Reports:

Energy Business Reports, an energy industry think tank and leading source for energy industry information and research products. For details on all reports can be found at http://energybusinessreports.com.

###

How the Stimulus Is Changing America

Voters hate it. Hardly anyone wants credit for it. But the 7 billion stimulus is quietly altering the way Americans work, move, innovate and plug in
Read more on Time.com via Yahoo! News