Thursday, 19 February 2015

Tesla’s plans for distributed electricity storage is a good sign for Community Energy

Elon Musk, CEO of Tesla Motors has recently announced plans to produce small scale lithium-ion batteries suitable for installation in homes or businesses. The introduction of such local level electricity storage would allow communities to store any excess energy they produce, which can then be released at times of peak demand. This US announcement follows recent UK Feed in Tariff generation statistics, which show a 29% increase in total Feed in Tariff installations, from December 2013 to December 2014. The UK total number of Feed in Tariff installations is currently 646, 281.

The combination of distributed generation and storage would be of huge benefit to community energy projects, as they could become increasingly separate from the grid. By independently balancing demand and generation communities would be able to set their own prices and local generation would stay local.