GE: Energy Storage will follow solar in drastic price reduction

The technology behind energy storage is still nascent. However, work in GE's innovation department shows that increased storage capacity will cause a drastic price reduction.

Photo: Ørsted PR


Renewable energy is a recurrent theme at the EIA2018 energy conference, despite it taking place at the same time with Trump's announcement of halting the retirement of coal-fired power plants. The direction the political winds are blowing is one thing. Something entirely different is which direction technology is moving. In terms of the latter, there is an singularly obvious move toward renewables – especially toward a more flexible utilization of renewable energy.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

NKT targets double revenue in business unit

The Danish cable manufacturer closes the second quarter with flying colors, with a record-sized order book resulting in factory expansion, which along with other extensions propels the Solutions division forward to nearly doubling its top line.

Uniper hits Q2 net deficit of EUR 9.3bn

Just as expected, the German utility is hit hard by supply commitments forcing natural gas purchases on the wholesale market. State bailout keeps the business floating.

US IRA bill compromises leave sour taste with activists

Now signed by the US president and thus fully formalized, the watered-down version of Biden’s climate campaign bill – full of compromises to get conservative Democrats on aboard and thus attracting critique from many observers – nonetheless contains the nation’s most sweeping legislation supporting the green transition to date, thereby on account of sheer size reviving some hope of averting the worst outcome for global climate.

Further reading

Related articles

Latest News

See all jobs