California moves to ‘bottle sunlight’ - energy storage companies

"We can't just rely on the sun.
Speaking at a meeting in San Francisco last month, California Governor Jerry Brown said: "We have to limit the sun . ".
The country is pushing big-
Massive energy storage will prevent utilities from being forced to build additional power transmission plants to meet their peak demand, Reuters reported.
Golden State is working to make renewable energy
By 2020, the total power supply was third.
The target requires a maximum of 1 state to be stored.
3 gigawatts, enough to power factories for more than millions of American homes.
On average, California's grid stores use about 17 gigawatts of electricity in winter, and up to 51 gigawatts of electricity when using air conditioning in summer.
Since electricity from the sun and wind may be unpredictable, storing renewable energy will enable the state to establish an ongoing supply through abnormal conditions that may affect the use of electricity.
Lux Research analyst Steven Minnihan told Reuters that the proposal will have a significant impact on the grid storage market, raising the value of renewable energy devices from $0. 2 billion in 2012 to $10.
2017 4 billion.
Some venture capitalists looking to California as an independent investor in energy storage have already invested in stores.
Microsoft founder Bill Gates, venture capital firm Thiel and Vinod Khosla, as well as companies like General Electric and LG Chemical have invested in Jinzhou's energy storage plan.
Over the past five years, venture capitalists have invested $2.
Storage of 2 billion.
"Grid-scale storage has always been one of the areas where we know and know what will happen.
This is a matter of time, "AndrewChung, partner of Khosla Ventures, told Reuters.
"These are capitalists.
Tom Werner, chief executive of SunPower Corp, said they did not do so as a scientific experiment.
California's main setback in renewable energy storage is the lack of federal funding to support these projects.
Many of the state's current storage projects are paid with already used-up stimulus funds, thus costing taxpayers to start additional projects.
Farzad Ghazzagh, an analyst at Ratepayer Advocates division, estimates that installing enough storage space to achieve California's 2020 target will take between $1 billion and $3 billion.
"When we were sitting here today, we all agreed that storage was not economical," said Werner . ".
"But I will not object if you go out for five years.