"The Oleo Sponge offers a set of possibilities that, as far as we know, are unprecedented," said co-inventor Seth Darling, a scientist with Argonne's Center for Nanoscale Materials and a fellow of the University of Chicago's Institute for Molecular Engineering.
The smart grid security market size is estimated to grow from USD 4.29 Billion in 2016 to USD 7.00 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period, according to a new report from MarketsandMarkets.
The white paper, co-authored by Panasonic, Xcel Energy, and Younicos, details a unique solar-plus-storage microgrid project under way at Denver's transit-oriented development, Peña Station NEXT. The battery energy storage system will deploy five use cases: 1) solar energy grid integration via solar smoothing ramp control and solar time shifting, 2) grid peak demand reduction, 3) energy arbitrage, 4) frequency regulation, and 5) backup power for Panasonic's network operations center.
According to the author, who is a data architect at the Dutch Distribution System Operator (DSO) Alliander, his company developed the Open Smart Grid Platform to be "an open, generic, scalable, and independent Internet of Things platform that enables municipalities and power distribution companies to easily control and monitor various public service objects with any application and with any communication infrastructure."
The technology -- called hydrothermal liquefaction -- mimics the geological conditions the Earth uses to create crude oil by using high pressure and temperature to achieve in minutes something that takes Mother Nature millions of years.
"While Li-ion leads in terms of technology, distributed energy storage systems (DESSs) are becoming increasingly popular in several regions, accounting for around 14 percent of new system capacity announced in 2016 -- the highest percentage of any year on record," says Ian McClenny, research associate with Navigant Research. "DESSs are generally much smaller than utility-scale systems and are expected to thrive as they become more cost-effective and productized, leading to more streamlined installation and opening new markets."
When considering how to build out a renewable energy portfolio, there are a lot of factors and many points of view to consider. In this white paper, the authors take the point of view of the electric utility itself to answer: How much energy can solar and wind generate, and is it profitable to use these technologies?
The first in a series of "Future Insights" publications from the UK's Office of Gas and Electricity Markets (Ofgem) provides an overview of the possible implications for consumers and regulation from changes in the energy system. Future papers will consider particular issues in more depth, such as the decarbonization of heat and the prospects for local energy systems.