In pursuit of 100 GW by 2030, what are the unique opportunities that Solar + Storage provides?
Solar + Storage is truly a game changer for the electricity system. As the most economic path forward, it will revolutionize the way we provide reliable, firm energy year-round, directly competing with conventional power generation sources. With over 150 GW of solar generation capacity expected on the grid over the next decade, according to BloombergNEF, Solar + Storage is poised to displace aging and polluting generation facilities. In fact, at the end of 2019, 28% of queued PV in the United States was paired with battery-based energy storage based on Lawrence Berkeley National Laboratory (LBNL) data.
As solar deployment in the United States scales – not just in California or Arizona, but in markets across the country – the value of storage will only continue to increase, putting Solar + Storage at an inflection point of rapid growth in all markets across the country.
By unlocking a broad array of value streams, from energy shifting to risk management to merchant trading, Solar + Storage can deliver myriad benefits for different customers. We expect to see GWs of transactions from coast to coast in the next five years.
How is your company advancing Solar + Storage opportunities?
We’re helping our customers drive the global energy transition with Solar + Storage technology solutions across both AC-coupled and DC-coupled co-located systems, culminating in a pipeline of more than 1 GWh awarded or deployed.
To ensure our customers capture the broad range of value streams of Solar + Storage, our industry-leading 6th generation technology offers two purpose-built systems: Gridstack™ for AC-coupled projects and Sunstack™ for DC-coupled projects. With the goal of accelerating the cost-competitiveness of hybrid systems, Fluence maximizes the economics of hybrid assets, intelligently stacks value streams, and delivers optimal performance and reliability. Our Gridstack and Sunstack products combine a factory-built containerized form factor, advanced controls, digital intelligence, and global support services.
Fluence brings industry-leading technology, deep expertise, and comprehensive system design and engineering to Solar + Storage projects. Our team delivers unparalleled insights and services built on lessons learned from more than 13 years of energy storage experience and decades of energy sector knowledge. Our Sunstack system delivers reliability, performance, and value with a robust architecture, intelligent controls, and world-class global support services.
Fluence OS provides advanced Solar + Storage controls applications so customers can optimize co-located assets, deliver firm solar output, or shift solar energy export to times of peak demand. These advanced applications not only increase the overall economics of solar projects, but allow developers, utilities, and operators to deliver critical services to the grid.
