February 26, 2020
Energy storage is a key component for a commodity such as electricity which, traditionally, has not been capable of being stored efficiently. Energy storage developers such as YSG Solar are operating and building projects that provide multiple value streams for stakeholders.
Energy storage projects have long been the "holy grail" for intermittent generating resources such as solar and wind. The future of energy generation may very well feature a combination of technologies—such as wind, solar, and energy storage. Wind energy typically peaks in the evening, during periods when solar is not peaking. Whereas solar power will usually peak when the wind is not at capacity. Energy storage can tie it all together and provide the reliability required.
Mechanisms are still being developed to properly monetize, finance, and operate energy storage systems. Certain developers have been utilizing tolling agreements, that have long been used for traditional natural gas energy generating facilities.
In the United States, organizations such as the Energy Storage Association have been great advocates for advancements in technology and policy. The energy storage market is still young with many emerging leaders. Thriving states that have ambitious energy storage policies and goals include:
New York
New Jersey
Arizona
Massachusetts
California
Rhode Island
Illinois
Minnesota
If you are looking for more information, connect with a YSG Solar Energy Storage Project Developer.
If you’re interested in an energy storage system for your property, get in touch. YSG Solar is experienced in the installation of energy storage systems alongside residential & commercial solar panels. Contact YSG Solar today to learn how it works and how much you could save. Send us an email, or call the office at 212.389.9215 to learn more.