| | AUGUST 20196E ERGYTech ReviewThe electricity systems we have developed over the last century are now facing an urgent need for redesign. The increasing share of intermittent renewable energy sources like solar and wind, the increased `electrification' of society, the rise of prosumers and distributed generation all pose challenges to existing electricity systems globally. Energy storage technologies, demand response mechanisms and technological developments in data management and remote monitoring and controlling, are all part of the solution as we move from central design and dispatch to a more diverse decentralized system.According to energy storage experts, the record for solar-plus-storage deployments last year will be broken again in the future years to come based on the forecast for falling solar and battery prices, combined with a continuation of the federal Investment Tax Credit for solar that can include the cost of batteries as part of the installation. Solar panels, lithium-ion battery powered energy storage is the technology of choice today. The growth of the EV market has contributed to greatly improving li-ion technologies in recent years. As a result, the prices for Lithium-based batteries are steadily declining by 8 percent on an annual basis (the average price of batteries has dropped 80% since 2010), making solar storage projects more investment-friendly.As it stands, li-ion batteries comprise 98.8 percent of the battery/energy storage market share. Nevertheless, promising technologies such as flow battery and fuel cell are poised to scale-up and offer alternative storage solutions sometime in the near future. With energy storage deals previously avoided by investors due to the complexity surrounding cash flow, new business models like ESaaS is a promising development to attract financing and further grow the industry. ESaaS which simply refers to a combination of an advanced energy storage system, is an energy management system and a service contract which can deliver value to a business by providing reliable power more economically. The business model is being replicated across the world to generate steady returns for investors upon completion of an ESS project. This edition brings you some of the most prominent organizations in the energy storage landscape that has excelled with their service and will be major drivers of the aforementioned trends to mainstream.Let us know your thoughts!Ensuring a Sustainable Future Copyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. E ERGYTech Review AUGUST - 15 - 2019, Vol 05 - Issue 10Published by ValleyMedia, Inc. To subscribe to Energy Tech ReviewVisit www.energytechreview.com SalesRich Gonsalvesrich@energytechreview.comVisualizersJaxon JaseManaging EditorCharlotte SmithE ERGYTech Review*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorial StaffAaron Pierce Ava GarciaVian IsaacJoshua Parker Kenny PeruzziCharlotte SmithManaging Editoreditor@energytechreview.comEDITOR'S DESK
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