BATTERIES
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The cost of grid-scale battery storage is tumbling. Energy Storage Association (ESA) figures show costs for large-scale storage systems have halved between 2014 and 2018. As part of its innovative thinking, Vector is trialling vehicle- to-home technology which turns EVs into mobile batteries. Meanwhile, according to the International Renewable Energy Agency, in some Middle-East countries we can now see solar photo-voltaic prices of below 3 cents (USD) per kilowatt hour. This is cheaper than all other forms of electricity generation. These sorts of trends mean that customers should be able to look forward to more sustainable homes and energy independence, through solar and battery, through energy control software and technologies, and through investment in efficiency measures like LED lights and better insulation.
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