Are batteries the future of storage?

Batteries are increasingly becoming a more efficient and cost-effective method of storage. The cost of lithium ion batteries in particular is expected to drop by 60% by 2020. Batteries are a significant area of focus due to their flexibility of use, fast response times, and co-location and demand reduction opportunities.

What are the challenges of a utility-scale battery storage project?

Utility-scale battery storage projects, like any energy project, present land use, permitting, environmental, and health and safety challenges. Developers must anticipate and address these issues to successfully meet project development timelines and goals.

What are the different types of battery storage technologies?

While several different battery storage technologies exist or are in development, including pumped hydropower and thermal storage, increasing focus is on battery storage systems to meet energy storage needs.

Why is energy storage important?

Energy storage has become an area of focus in many jurisdictions across the globe due to its potential to offer a wide range of benefits to electricity systems. This Expert Guide brings together analysis from our legal experts across 22 jurisdictions.

What is a lithium battery storage guideline?

It is a guideline that outlines safe storage practices, including the charging and discharging of lithium-ion batteries, lithium metal batteries, and hybrid lithium batteries. If you would like to learn more about shipping of lithium batteries, we wrote this guide about just that.

Does energy storage need a regulatory framework?

Our review demonstrates that no jurisdiction currently provides a comprehensive regulatory framework for energy storage, with the majority of jurisdictions currently allowing storage to be defined as “generation” for the purposes of licensing and other regulatory requirements.