In your view, what are the prerequisites for storage to really become a game changer?
In my view, storage cost and performance will be the largest determinant for how large of a role storage will play. Given that many decisions in the power sector are based on some form of least-cost metric, innovations that will lower the cost of storage will increase the opportunity for storage to play an increasingly larger role in the grid.
What is the status in the USA in this regard and what can Europe learn from the USA in your opinion?
Utilities and developers in the U.S. are moving forward with significant interest in storage. If storage costs continue in their downward trajectory, that interest is likely to continue. Europeans will be able to learn from projects that get deployed in the U.S. just as Americans will be able to learn from the Europeans from similar projects.
How important is green power (and green power purchase agreements) for industries?
This varies based on the industry and companies within that industry. For more information see here.
What is the interaction between renewable energies and storage solutions?
Many renewable energy technologies have variable output. Storage provides a way to at least partially mitigate that variability. Given the rapid cost declines of both renewable energy technologies and storage, coupled with the increasing interest to decarbonize the power sector, the two provide a nice duo for achieving carbon reduction objectives while maintain a reliable and low-cost system.
Wesley, thank you for talking to us.