Blockchain technologies have been gaining notability due to the recent cryptocurrency hype. However, the same peer-to-peer networking technology that enables cryptocurrencies, like Bitcoin, provides a model for application across industries beyond finance; for example, the energy sector. New developments have seen blockchain technologies as a disruptive force for grid management. What could this mean for the solar industry?
To further research on energy storage and batteries, scientists at Berkeley Lab tested a theory from a German language academic journal dated 1928. The result? A new, higher-performing, environmentally cleaner, and affordable storage battery may soon be on the market.
The U.S. Federal Energy Regulatory Commission (FERC) has followed up on a two year long initiative to take policy action on energy market barriers. As the nation's energy generation and distribution continues to modernize, energy markets must become conducive to innovation. The new rule, adopted on February 15th, opens U.S. wholesale energy markets to energy storage on equal footing with traditional power systems by properly valuing the unique benefits of energy storage.
A report published in December 2017 by the Department of Energy outlines individual state’s commitments to modernizing their electricity grids. Modernization is crucial for utilities to integrate new, cleaner, and more efficient technologies. Due to variance in state agendas, some states are preparing better than others to modernize their electricity grids and integrate new and cost effective technologies.