DOE study details barriers to cost-effective energy storage

12/16/2013 | Greentech Media

Optimizing the benefits of the smart grid will require a reduction in current energy storage costs, according to a report from the U.S. Department of Energy. The study, commissioned by the chairman of the Senate Energy and Natural Resources Committee, identified four main challenges facing the storage sector, including regulatory barriers, industry perception and the high cost of technology. "The storage component still constitutes only 30% to 40% of the total system cost, thus the focus needs to be on the entire system," the study says.

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