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Annual report – PV O&M cost reduction strategies

New Energy Update

In recent years energy storage has emerged as a key ally for the renewables industry, allowing excess production to be stored and sold when market conditions are favorable.

And while the addition of batteries to renewable projects was originally a costly exercise, a rapid fall in the price of lithium-ion battery technologies now means solar and wind plants can be equipped with significant levels of energy storage and still remain competitive.

This reduction is expected to continue, with Wood Mackenzie Power & Renewables forecasting an 80% drop in battery prices between 2017 and 2040.

New Energy Update covers this and much more in our latest complimentary market report for the U.S. wind community, a 30+ page report providing Operations & Maintenance, Asset Management & Energy Storage Market Outlook 2019-2022

Key features of the report include:

  • Latest asset owner operations & maintenance strategies and shifting business models
  • Assessments of full and partial repowering uptake, lifetime extension alternatives, and self-performance
  • Energy storage + solar and energy storage + wind technologies, financing and application considerations for asset owners
  • Grid integration and bolstering U.S. grid resilience to maximize renewable energy success

Download the market report now for the most up-to-date PV operations insights and take your company on the journey to success in renewables.

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Diana Dropol's picture

Thank Diana for the Post!

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Matt Chester's picture
Matt Chester on Mar 15, 2019 9:50 pm GMT

Appreciate you sharing this report, Diana. When reading that "This reduction is expected to continue, with Wood Mackenzie Power & Renewables forecasting an 80% drop in battery prices between 2017 and 2040" it's easy to get excited, but it's also frustrating because a lot of these cost reductions are needed now or in the next few years, by 2040 I'm hoping some bigger action will be takin place in implementing energy storage. Here's hoping the cost reduction percentages are front loaded!

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