Energy storage has reached a tipping point, so much so that around 320GW of new large scale power plants that might have been planned in the 10 years to 2023 will now no longer be needed. According to a new report from Deutsche Bank, the growth of distributed energy – locally provided renewables such as rooftop solar and battery storage – will soon outstrip new centralised generation capacity additions across the world. In fact, it could happen as early as 2018, marking a fundamental shift in the nature of the world’s energy systems, recognising that the old centralised model will be quickly replaced by a system based around localised energy production and storage.
Renew Economy 13th June 2017 read more »