Storage system prices have declined by more than 60% since 2012 and are expected to decline by another 30% over the next five years. Historically battery prices drove the bulk of system price declines, but in the future both battery prices and non-battery components like inverters, software & controls, and design, engineering and construction services will drive system price reductions. Where will the market see most savings? How will the vendor landscape evolve over the course of the next five years, as the storage industry collectively targets bringing down system prices further.
Solar + storage deployment has grown exponentially over the course of the last 12 months. Our energy storage experts at Wood Mackenzie Power & Renewables will analyze key technology, economic and policy drivers at a global scale for the next three years, explaining why solar + storage is such a key step in enhancing the energy system of the future.
The State of Global Energy Storage MarketsNicole Green
Join Wood Mackenzie Power & Renewables to explore global storage development scenarios and understand key market opportunities across continents. This presentation will also address key supply chain questions and discuss the increasingly important role of storage on the grid as a fundamental driver of renewable integration, reliability and flexibility.
Research Keynote: Demystifying Mexican Large-Scale Renewable Development in t...Jill Kirkpatrick
With this keynote research presentation co-presented by Wood Mackenzie’s Latin America solar and wind experts, we will break down the implications of the auction cancellation, measuring how its shockwaves will condition investment and project finance in the short-and-mid-term (in current project portfolios).
The presentation will include our forecasts for solar and wind project pipelines past 2020.
Solar + storage deployment has grown exponentially over the course of the last 12 months. Our energy storage experts at Wood Mackenzie Power & Renewables will analyze key technology, economic and policy drivers at a global scale for the next three years, explaining why solar + storage is such a key step in enhancing the energy system of the future.
The State of Global Energy Storage MarketsNicole Green
Join Wood Mackenzie Power & Renewables to explore global storage development scenarios and understand key market opportunities across continents. This presentation will also address key supply chain questions and discuss the increasingly important role of storage on the grid as a fundamental driver of renewable integration, reliability and flexibility.
Research Keynote: Demystifying Mexican Large-Scale Renewable Development in t...Jill Kirkpatrick
With this keynote research presentation co-presented by Wood Mackenzie’s Latin America solar and wind experts, we will break down the implications of the auction cancellation, measuring how its shockwaves will condition investment and project finance in the short-and-mid-term (in current project portfolios).
The presentation will include our forecasts for solar and wind project pipelines past 2020.
Exclusive executive briefing covering demand drivers, pricing trends, and how consolidation will impact M&A in the solar, wind and storage markets in the next five years.
Playing Well with Others - Market for Storage HybridsJill Kirkpatrick
With 93% of H1 2018 installations in the U.S. being paired solar, hybrid systems are increasingly emerging into the midstream of the energy storage industry. Potential operational benefits and revenue streams are clearly outpacing existing regulations. This research presentation will explore the potential value of hybrid systems and the policies needed to incentivize them, such as Clean Peak standards, and will be followed by a 2-minute Q&A.
Keynote Interview: Texas as a U.S. Flagship for Energy TransitionNicole Green
Texas is the U.S. state that produces the most renewable energy in terms of sheer quantity. And one that also experiences some of the most extreme weather out of all the U.S. regions. This conversation will provide a unique perspective as to how ERCOT balances a regional energy system that counts on some of the highest renewable penetration rates with reliability and resilience in a very congested transmission network throughout its most challenging season, reflecting on Summer 2018 data.
Energy Transition: Multi-$trillion Ponzi scheme or the biggest tech market ever?Simon Thompson
Background: The conundrum of the oil price
About $100 billion a year is spent by the 5 biggest global oil companies “finding” more oil. Today $300 billion a year is spent on installing renewables like solar and windpower – almost three times what is spent by those oil companies.
But there is no money spent on “finding” new sun, as we already know where the sun is at its brightest. There is also no money spent finding out where it is windiest because we already know.
Oil company valuation
Value = oil price today X assets in the ground minus cost of getting it out
New formula
Value = oil price today (and in the future) X assets in ground minus cost of getting it out of the ground
If oil falls to $30
Value = 20% of oil worth getting out of the ground –value falls by 80%. With debt = worthless
Stop digging for new oil.
If oil falls to $20
Almost zero oil is worth getting out of the ground
So Oil industry = zero less debt - negative
Oil goes to $20 in 2043...
Global warming concerns leading to decarbonization is shifting energy from fossil fuels to renewable energy. The slides briefly touch on different ways of decarbonizing & alternative energy resources.
The presentation highlights the role of utilities in Future with focus on Rooftop Solar, Demand Side Management, Net Metering, Automated Demand Response, Distributed Energy Resources, Microgrids, e-mobility, Advanced Energy Storage Systems.
PSI webinar: How do recent changes at ERCOT affect you?Rick Borry
You need to understand how recent changes at the Electric Reliability Council of Texas (ERCOT) will affect renewable energy in Texas.
Attend this webinar to hear Texas energy expert and Principal Solar, Inc. board member Ron Seidel provide an overview of recent changes at ERCOT and how they are likely to affect solar energy development in Texas. Ron will also provide expert insights into what is happening in the Texas electricity market today.
Be sure to take advantage of this opportunity to find out how these changes might affect YOUR business by joining the LIVE webinar and participating in the live Question & Answer session following Ron's presentation.
100% Clean, Renewable Energy and Storage for EverythingLeonardo ENERGY
A recording of this webinar is available at https://youtu.be/XmRAxB9MTyU
In this webinar, Mark Jacobson introduces his new book that lays out the science, technology, economics, policy, and social aspects of a transition to 100% clean, renewable energy in order to address climate change, air pollution, and energy insecurity. Considering the EU Green Deal, the US Green New Deal and China’s climate neutrality commitment, this book is a very timely and welcome addition to the transition movement. It is one-of-a-kind:
* It’s both a textbook for students and a briefing for a broader audience of professionals and interested lay persons active in the transition movement
* It provides a focus on a selection of clean, renewable technologies that have been proven to work and can be rapidly deployed
* It includes a concrete plan howto get to 100%, clean, renewable energy and storage for everything.
* It develops energy plans for states and countries while keeping the grid stable.
* It describes practical solutions and the policies needed for those solutions.
'Mark Jacobson’s new book, 100% Clean, Renewable Energy and Storage for Everything, provides the most authoritative look yet at the future of energy beyond fossil fuels. The text is clearly written, authoritative, and thoroughly referenced. This will make a great text book for courses on energy and climate change, but is also a must read for all of us interested in the transition to a renewable future.' - Robert W. Howarth, Cornell University, New York
Solar News from around the world for week 2 of June 2021Rohit Arora
Weekly Solar News updates from around the world.
with world's biggest solar expo event in Shanghai this week,
we have a lot happening in the solar industry.
80+ Solar News from India, China, Australia, USA, Europe, Africa, and much more.
Research Presentation: What’s Next for Customer Energy Management?Jill Kirkpatrick
With customer adopting smart technologies at an accelerating pace, utilities are making use of connected devices, such as smart thermostats, plug load solutions, solar + storage and grid-interactive water heaters.
This Wood Mackenzie Power & Renewables research presentation will explore what are the key benefits of these deployments, and which barriers to adoption persist.
Exclusive executive briefing covering demand drivers, pricing trends, and how consolidation will impact M&A in the solar, wind and storage markets in the next five years.
Playing Well with Others - Market for Storage HybridsJill Kirkpatrick
With 93% of H1 2018 installations in the U.S. being paired solar, hybrid systems are increasingly emerging into the midstream of the energy storage industry. Potential operational benefits and revenue streams are clearly outpacing existing regulations. This research presentation will explore the potential value of hybrid systems and the policies needed to incentivize them, such as Clean Peak standards, and will be followed by a 2-minute Q&A.
Keynote Interview: Texas as a U.S. Flagship for Energy TransitionNicole Green
Texas is the U.S. state that produces the most renewable energy in terms of sheer quantity. And one that also experiences some of the most extreme weather out of all the U.S. regions. This conversation will provide a unique perspective as to how ERCOT balances a regional energy system that counts on some of the highest renewable penetration rates with reliability and resilience in a very congested transmission network throughout its most challenging season, reflecting on Summer 2018 data.
Energy Transition: Multi-$trillion Ponzi scheme or the biggest tech market ever?Simon Thompson
Background: The conundrum of the oil price
About $100 billion a year is spent by the 5 biggest global oil companies “finding” more oil. Today $300 billion a year is spent on installing renewables like solar and windpower – almost three times what is spent by those oil companies.
But there is no money spent on “finding” new sun, as we already know where the sun is at its brightest. There is also no money spent finding out where it is windiest because we already know.
Oil company valuation
Value = oil price today X assets in the ground minus cost of getting it out
New formula
Value = oil price today (and in the future) X assets in ground minus cost of getting it out of the ground
If oil falls to $30
Value = 20% of oil worth getting out of the ground –value falls by 80%. With debt = worthless
Stop digging for new oil.
If oil falls to $20
Almost zero oil is worth getting out of the ground
So Oil industry = zero less debt - negative
Oil goes to $20 in 2043...
Global warming concerns leading to decarbonization is shifting energy from fossil fuels to renewable energy. The slides briefly touch on different ways of decarbonizing & alternative energy resources.
The presentation highlights the role of utilities in Future with focus on Rooftop Solar, Demand Side Management, Net Metering, Automated Demand Response, Distributed Energy Resources, Microgrids, e-mobility, Advanced Energy Storage Systems.
PSI webinar: How do recent changes at ERCOT affect you?Rick Borry
You need to understand how recent changes at the Electric Reliability Council of Texas (ERCOT) will affect renewable energy in Texas.
Attend this webinar to hear Texas energy expert and Principal Solar, Inc. board member Ron Seidel provide an overview of recent changes at ERCOT and how they are likely to affect solar energy development in Texas. Ron will also provide expert insights into what is happening in the Texas electricity market today.
Be sure to take advantage of this opportunity to find out how these changes might affect YOUR business by joining the LIVE webinar and participating in the live Question & Answer session following Ron's presentation.
100% Clean, Renewable Energy and Storage for EverythingLeonardo ENERGY
A recording of this webinar is available at https://youtu.be/XmRAxB9MTyU
In this webinar, Mark Jacobson introduces his new book that lays out the science, technology, economics, policy, and social aspects of a transition to 100% clean, renewable energy in order to address climate change, air pollution, and energy insecurity. Considering the EU Green Deal, the US Green New Deal and China’s climate neutrality commitment, this book is a very timely and welcome addition to the transition movement. It is one-of-a-kind:
* It’s both a textbook for students and a briefing for a broader audience of professionals and interested lay persons active in the transition movement
* It provides a focus on a selection of clean, renewable technologies that have been proven to work and can be rapidly deployed
* It includes a concrete plan howto get to 100%, clean, renewable energy and storage for everything.
* It develops energy plans for states and countries while keeping the grid stable.
* It describes practical solutions and the policies needed for those solutions.
'Mark Jacobson’s new book, 100% Clean, Renewable Energy and Storage for Everything, provides the most authoritative look yet at the future of energy beyond fossil fuels. The text is clearly written, authoritative, and thoroughly referenced. This will make a great text book for courses on energy and climate change, but is also a must read for all of us interested in the transition to a renewable future.' - Robert W. Howarth, Cornell University, New York
Solar News from around the world for week 2 of June 2021Rohit Arora
Weekly Solar News updates from around the world.
with world's biggest solar expo event in Shanghai this week,
we have a lot happening in the solar industry.
80+ Solar News from India, China, Australia, USA, Europe, Africa, and much more.
Research Presentation: What’s Next for Customer Energy Management?Jill Kirkpatrick
With customer adopting smart technologies at an accelerating pace, utilities are making use of connected devices, such as smart thermostats, plug load solutions, solar + storage and grid-interactive water heaters.
This Wood Mackenzie Power & Renewables research presentation will explore what are the key benefits of these deployments, and which barriers to adoption persist.
Presentation from the New Mexico Regional Energy Storage and Grid Integration Workshop: Energy Storage Trends and Challenges, New Mexico's Numerous Contributions presented by Steve Willard, Electric Power Research Institute, August 23-24, 2016
An interdisciplinary group of Wood Mackenzie Power & Renewables analysts will discuss key growth drivers for global solar markets, breaking down predictions on the impact of supply / demand dynamics, technology advancements and international trade tensions.
This webinar session discusses changes to the generation portfolio, the introduction of significant renewable resources, and the deployment of customer-side resources.
Clean energy microgrids - Hype or Reality?Daniel Schwab
Clean Energy Microgrids - presentation - Energy Management in Buildings and Cities - Trends, Opportunities & Barriers April 13th, Porter School of Environmental Studies, Tel Aviv University
Renewable Energy Technology Overview and Market Trends Mirzo Ibragimov
On 5-6 December, Tashkent hosted a workshop on renewable energy (RE) policy development jointly organized by the Government of Uzbekistan and the World Bank Group (WBG) in partnership with the International Renewable Energy Agency (IRENA). The presentation was delivered during the above-mentioned event.
Business Unusual: Strategic Perspectives on the Utilities Consumer Marketplaceaccenture
A major transformation of utilities market is challenging traditional business and operational models. Accenture analysis of the likely demand disruption scenario points to a significant financial impact on the traditional utility model by 2025. Leading utilities are adapting to the chaining marketplace.
Similar to Wood Mackenzie Power & Renewables Breakfast Briefing II: Battery and Non-Battery Cost Trends - Where's the Floor? (20)
DC-Coupled Solar Plus Storage: Results from the FieldNicole Green
Dynapower will join Duke Energy to explain the decision-making process, challenges and opportunities and conclusions of a DC-Coupled Solar plus Storage project, including data from Duke Energy's Mt. Holly R&D Lab.
DC-Coupled Solar Plus Storage: Results from the FieldNicole Green
Dynapower will join Duke Energy to explain the decision-making process, challenges and opportunities and conclusions of a DC-Coupled Solar plus Storage project, including data from Duke Energy's Mt. Holly R&D Lab.
Bridging the Gap in Long-Term Resource Planning for Utilities and Grid OperatorsNicole Green
There is a clear disconnect between long-term resource planning for utilities and grid operators and the actual market data available. But where does this distortion stem from? How can utilities and grid operators adapt their resource planning to market trends more effectively? And what does a winning bid look like compared to a losing one?
Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...Open Access Research Paper
Micro RNAs (miRNAs) are small non-coding RNAs molecules having approximately 18-25 nucleotides, they are present in both plants and animals genomes. MiRNAs have diverse spatial expression patterns and regulate various developmental metabolisms, stress responses and other physiological processes. The dynamic gene expression playing major roles in phenotypic differences in organisms are believed to be controlled by miRNAs. Mutations in regions of regulatory factors, such as miRNA genes or transcription factors (TF) necessitated by dynamic environmental factors or pathogen infections, have tremendous effects on structure and expression of genes. The resultant novel gene products presents potential explanations for constant evolving desirable traits that have long been bred using conventional means, biotechnology or genetic engineering. Rice grain quality, yield, disease tolerance, climate-resilience and palatability properties are not exceptional to miRN Asmutations effects. There are new insights courtesy of high-throughput sequencing and improved proteomic techniques that organisms’ complexity and adaptations are highly contributed by miRNAs containing regulatory networks. This article aims to expound on how rice miRNAs could be driving evolution of traits and highlight the latest miRNA research progress. Moreover, the review accentuates miRNAs grey areas to be addressed and gives recommendations for further studies.
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Venturesgreendigital
Willie Nelson is a name that resonates within the world of music and entertainment. Known for his unique voice, and masterful guitar skills. and an extraordinary career spanning several decades. Nelson has become a legend in the country music scene. But, his influence extends far beyond the realm of music. with ventures in acting, writing, activism, and business. This comprehensive article delves into Willie Nelson net worth. exploring the various facets of his career that have contributed to his large fortune.
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Introduction
Willie Nelson net worth is a testament to his enduring influence and success in many fields. Born on April 29, 1933, in Abbott, Texas. Nelson's journey from a humble beginning to becoming one of the most iconic figures in American music is nothing short of inspirational. His net worth, which estimated to be around $25 million as of 2024. reflects a career that is as diverse as it is prolific.
Early Life and Musical Beginnings
Humble Origins
Willie Hugh Nelson was born during the Great Depression. a time of significant economic hardship in the United States. Raised by his grandparents. Nelson found solace and inspiration in music from an early age. His grandmother taught him to play the guitar. setting the stage for what would become an illustrious career.
First Steps in Music
Nelson's initial foray into the music industry was fraught with challenges. He moved to Nashville, Tennessee, to pursue his dreams, but success did not come . Working as a songwriter, Nelson penned hits for other artists. which helped him gain a foothold in the competitive music scene. His songwriting skills contributed to his early earnings. laying the foundation for his net worth.
Rise to Stardom
Breakthrough Albums
The 1970s marked a turning point in Willie Nelson's career. His albums "Shotgun Willie" (1973), "Red Headed Stranger" (1975). and "Stardust" (1978) received critical acclaim and commercial success. These albums not only solidified his position in the country music genre. but also introduced his music to a broader audience. The success of these albums played a crucial role in boosting Willie Nelson net worth.
Iconic Songs
Willie Nelson net worth is also attributed to his extensive catalog of hit songs. Tracks like "Blue Eyes Crying in the Rain," "On the Road Again," and "Always on My Mind" have become timeless classics. These songs have not only earned Nelson large royalties but have also ensured his continued relevance in the music industry.
Acting and Film Career
Hollywood Ventures
In addition to his music career, Willie Nelson has also made a mark in Hollywood. His distinctive personality and on-screen presence have landed him roles in several films and television shows. Notable appearances include roles in "The Electric Horseman" (1979), "Honeysuckle Rose" (1980), and "Barbarosa" (1982). These acting gigs have added a significant amount to Willie Nelson net worth.
Television Appearances
Nelson's char
Characterization and the Kinetics of drying at the drying oven and with micro...Open Access Research Paper
The objective of this work is to contribute to valorization de Nephelium lappaceum by the characterization of kinetics of drying of seeds of Nephelium lappaceum. The seeds were dehydrated until a constant mass respectively in a drying oven and a microwawe oven. The temperatures and the powers of drying are respectively: 50, 60 and 70°C and 140, 280 and 420 W. The results show that the curves of drying of seeds of Nephelium lappaceum do not present a phase of constant kinetics. The coefficients of diffusion vary between 2.09.10-8 to 2.98. 10-8m-2/s in the interval of 50°C at 70°C and between 4.83×10-07 at 9.04×10-07 m-8/s for the powers going of 140 W with 420 W the relation between Arrhenius and a value of energy of activation of 16.49 kJ. mol-1 expressed the effect of the temperature on effective diffusivity.
"Understanding the Carbon Cycle: Processes, Human Impacts, and Strategies for...MMariSelvam4
The carbon cycle is a critical component of Earth's environmental system, governing the movement and transformation of carbon through various reservoirs, including the atmosphere, oceans, soil, and living organisms. This complex cycle involves several key processes such as photosynthesis, respiration, decomposition, and carbon sequestration, each contributing to the regulation of carbon levels on the planet.
Human activities, particularly fossil fuel combustion and deforestation, have significantly altered the natural carbon cycle, leading to increased atmospheric carbon dioxide concentrations and driving climate change. Understanding the intricacies of the carbon cycle is essential for assessing the impacts of these changes and developing effective mitigation strategies.
By studying the carbon cycle, scientists can identify carbon sources and sinks, measure carbon fluxes, and predict future trends. This knowledge is crucial for crafting policies aimed at reducing carbon emissions, enhancing carbon storage, and promoting sustainable practices. The carbon cycle's interplay with climate systems, ecosystems, and human activities underscores its importance in maintaining a stable and healthy planet.
In-depth exploration of the carbon cycle reveals the delicate balance required to sustain life and the urgent need to address anthropogenic influences. Through research, education, and policy, we can work towards restoring equilibrium in the carbon cycle and ensuring a sustainable future for generations to come.
Artificial Reefs by Kuddle Life Foundation - May 2024punit537210
Situated in Pondicherry, India, Kuddle Life Foundation is a charitable, non-profit and non-governmental organization (NGO) dedicated to improving the living standards of coastal communities and simultaneously placing a strong emphasis on the protection of marine ecosystems.
One of the key areas we work in is Artificial Reefs. This presentation captures our journey so far and our learnings. We hope you get as excited about marine conservation and artificial reefs as we are.
Please visit our website: https://kuddlelife.org
Our Instagram channel:
@kuddlelifefoundation
Our Linkedin Page:
https://www.linkedin.com/company/kuddlelifefoundation/
and write to us if you have any questions:
info@kuddlelife.org
Natural farming @ Dr. Siddhartha S. Jena.pptxsidjena70
A brief about organic farming/ Natural farming/ Zero budget natural farming/ Subash Palekar Natural farming which keeps us and environment safe and healthy. Next gen Agricultural practices of chemical free farming.
WRI’s brand new “Food Service Playbook for Promoting Sustainable Food Choices” gives food service operators the very latest strategies for creating dining environments that empower consumers to choose sustainable, plant-rich dishes. This research builds off our first guide for food service, now with industry experience and insights from nearly 350 academic trials.
4. woodmac.comTrusted intelligence
-16% -16%
-29%
-26%
-15%
-30%
-25%
-20%
-15%
-10%
-5%
0%
2013 2014 2015 2016 2017
Annualsystempricedecline(%)
Storage system prices have declined by more than 60% in the last
six years
Source: Wood Mackenzie Power & Renewables
43%
50%
58%
57%
50%
42%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
30-minute
System
2-hour
System
4-hour
System
2018EStorageSystem
PriceStack(%)
Battery price BOS cost
5. woodmac.comTrusted intelligence
Pace of battery price decline and BOS cost reductions will slow down
in the future
Source: Wood Mackenzie Power & Renewables
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
2013 2014 2015 2016 2017 2018E 2019E 2020E 2021E 2022E 2023E
YoYpricedecline(%)
Battery price BOS cost
Phase 1: Battery
price reductions
were the primary
driver for system
price declines
Phase 2: Extreme
reductions in BOS
costs drove down
system prices by more
than 25%
Phase 3: Continued reductions in battery prices
and BOS costs are driven by production ramp-
up, growing competition and improvements in
system design and engineering
Phase 4: As the storage market
matures, both battery prices and
BOS costs will continue to decline
but the rate will be lower post-
2020, with improvements arising
from experience
7. woodmac.comTrusted intelligence
Lithium-ion batteries are leading the pack today
Source: Wood Mackenzie Power & Renewables
$-
$200
$400
$600
$800
$1,000
$1,200
0 200 400 600 800 1000 1200
Technologycost($/kWh)
Cumulative U.S. installed capacity as of Q2 2018 (MW)
Lithium Ion Lead Acid Sodium Chemistries Flywheel Flow
8. woodmac.comTrusted intelligence
Battery price forecast: Getting to $100/kWh mark by 2027
Source: Wood Mackenzie Power & Renewables
$219
$39
$0
$50
$100
$150
$200
$250
$/kWh
$100/kWh
9. woodmac.comTrusted intelligence
0
100
200
300
400
500
600
2017 2018E 2019E 2020E 2021E 2022E 2023E 2024E 2025E
CellManufacturing(GWh)
China Germany France Hungary Japan Poland
South Korea Sweden USA Turkey Australia Unknown
How will we get there?
1. Ramping up global battery production
Source: Wood Mackenzie Power & Renewables
13. woodmac.comTrusted intelligence
Energy storage BOS vendor ecosystem is becoming increasingly crowded
Source: Wood Mackenzie Power & Renewables
Power Electronics
Vendors
Energy Storage
Management System
Vendors
Energy Storage System
Vendors
Energy Storage System
Project Developers
Non-
Residential
Segment
Utility-Scale
Segment
Containerization
Vendors
Energy Storage System
EPC Vendors
Residential
Segment
14. woodmac.comTrusted intelligence
$-
$20
$40
$60
$80
$100
$120
2018E 2019E 2020E 2021E 2022E 2023E
InverterCost($)
Central Inverter DC-DC Converter Multi-port Hybrid Inverter
Storage Inverter costs will significantly drive BOS cost reductions in the future
Source: Wood Mackenzie Power & Renewables
15. woodmac.comTrusted intelligence
Storage system design and architectures are evolving
Source: Wood Mackenzie Power & Renewables
0.0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2018E 2019E 2020E 2021E 2022E 2023E
Deployments(MW)
Solar-plus-storage deployments Other storage deployments
PV Inverter
Storage Inverter
AC-Coupled
DC-DC
Converter
PV Inverter
DC-Coupled
16. woodmac.comTrusted intelligence
Software is the “Alfred” of energy storage
Source: Wood Mackenzie Power & Renewables
$-
$5
$10
$15
$20
$25
$30
$35
2018E 2019E 2020E 2021E 2022E 2023E
EnergyStorageManagementSoftwareCost
($/kW)
17. woodmac.comTrusted intelligence
$-
$100
$200
$300
$400
$500
$600
$700
$800
$900
2.5 MWh 5 MWh 10 MWh 15 MWh 20MWh 25MWh 30MWh
2018EBOSCost($/kW)
Concrete Enclosure Metal Enclosure
Are we moving towards more centralized storage systems?
The differential between turnkey BOS costs for systems with concrete enclosures versus metal enclosures
increases with energy capacity of the system
Source: Wood Mackenzie Power & Renewables
