EY blog warns grid operators ‘the clock is ticking’ – pv magazine International

EY blog warns grid operators ‘the clock is ticking’ – pv magazine International

Citing new analysis of energy markets in Europe, Oceania, Gulf Cooperation Council nations, China, India, Latin America and the United States, the EY energy specialist said new renewable energy capacity had outpaced conventional power asset additions for the seventh year in a row in 2018 thanks to battery storage, EVs, artificial intelligence (AI) and machine learning.

Utility scale storage was a prime factor, said Laclau, with the U.S. leading the way as 40 GW of energy storage are set to be added worldwide by 2022 and with the technology already beating natural gas on price in some markets. The role played by AI and machine learning in enabling peer-to-peer energy trading would transform life for surviving power companies, warned the EY expert.

via EY blog warns grid operators ‘the clock is ticking’ – pv magazine International