On the Blogs: Solar Battery Systems Gain Traction in New U.S. Markets

first_imgOn the Blogs: Solar Battery Systems Gain Traction in New U.S. Markets FacebookTwitterLinkedInEmailPrint分享The first quarter of 2016 saw 18.3 megawatts of grid-interactive energy storage installed in the U.S., up 127 percent year-over-year and marking the largest first quarter in the history of the nation’s energy storage market, according to GTM Research’s Q2 2016 U.S. Energy Storage Monitor report. Historically, California has dominated residential energy storage deployments in the U.S. In Q1 2016, however, GTM Research observed growing deployments in a number of emerging state markets across the U.S., including Kentucky, Nevada, Utah and Vermont. While these individual markets are still quite small, collectively they accounted for the largest share of residential energy storage deployments in Q1 2016, surpassing even California and Hawaii. Energy storage system vendors are beginning to expand into “nontraditional” markets where few, if any, deployments have occurred before. Activities in these new markets speak both to customer interest and improving economic cases for storage. It’s unlikely that any of these state markets will come close to rivaling states like California or Hawaii in the near future, but nevertheless we’re witnessing an expansion of energy storage influenced by factors including new business cases for behind-the-meter storage.In particular, interest in aggregation of behind-the-meter assets is growing. Several U.S. utilities have already partnered with energy storage system vendors to pursue business models that offer the opportunity to leverage a fleet of residential energy storage systems to provide grid services. Green Mountain Power in Vermont begun shipping Tesla Powerwalls early in 2016, offering the option for customers to allow utility access to the systems in exchange for electricity bill credit; Green Mountain Power plans to utilize these storage systems to reduce capacity and transmission costs, as well as to provide energy arbitrage. Additionally, Sunverge has partnered with Glasgow Electric Plant Board in Kentucky to explore opportunities to leverage residential storage to provide services to the grid. Sunverge and SunPower are also working with Con Edison in New York to deploy residential storage as part of a virtual power plant trial project within the New York Reforming the Energy Vision (REV) program with the goal of exploring a new business model for utilities.Full item: The Growing Opportunity for Residential Energy Storage in the USlast_img read more

Getting to know Facebook’s cryptocurrency, Libra

first_imgFacebook recently released the details of the 2020 launch of its Libra cryptocurrency. The news sent ripples across all industries, but no sector felt the shockwaves more than financial services.For years, we have been discussing the ever-increasing threats fintech poses to traditional financial services. However, this announcement marks the most universally significant threat to date. While Libra may not mark the end of the financial industry as we know it, it stands as a solemn reminder that the world is changing; with it, peoples’ expectations of banking are changing.I hope this momentous announcement generates the urgency credit unions require to drive forward their own digital transformation and innovation. This article will strive to describe what you need to know and do about Libra.Libra BasicsLibra is a cryptocurrency that enables users to buy things and send money with almost zero fees. Users will be able to buy merchandise online and in stores and cash out at exchange points, such as a grocery store. Libra also will integrate with WhatsApp and Facebook Messenger for simple peer-to-peer payments. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more