For example, local power networks will need to handle both incoming and outgoing flows of electricity. Rapid changes in photovoltaic PV output as the sun comes and goes will require running expensive power plants that can respond quickly to changes in demand. Costs will rise, yet market prices paid to owners of PV systems will decline as more PV systems come online, rendering more PV investment unprofitable at market prices. Most experts agree that solar power must be a critical component of any long-term plan to address climate change. Without the ability to store energy, all solar and wind power devices are intermittent sources of electricity.
High Penetration Solar Deployment Funding Opportunity
Preparing for large-scale solar deployment | MIT Energy Initiative
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