Local solar-as-a-subscription service provider Wetility is deploying a rooftop solar solution in a lower-income community as part of a proof-of-concept study to firm up the feasibility of extending the offering to other underserved areas. COO Franta Pour tells Engineering News that the company’s current focus is on the provision of bundled solar-battery rental solutions to more affluent households and small and medium-sized businesses, where attention is shifting progressively from security of supply to electricity bill savings.
An expected sharp fall in battery costs for energy storage in coming years will accelerate the shift to renewable energy from fossil fuels, the International Energy Agency (IEA) said on Thursday. While renewable energy by itself is already much cheaper than coal and gas-fired plants, weather can interrupt solar and wind power and must be paired with energy storage systems to provide reliable sources of energy.