A Project That Couldn’t Have Been Imagined a Few Years Ago
From the PM Network Blog
by Cameron McGaughy,
Aaron Smith, Deryn Zakielarz, Jill Diffendal
PM Network is the award-winning magazine for members of the Project Management Institute. This blog will highlight some of the publication's valuable information and insights, keeping you up to date on industry trends.
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Date
One of the most enjoyable and interesting benefits of reading PM Network is learning about industries that weren’t even imaginable just a short time ago. One such project sector is grid-scale electric battery storage plants.
As part of efforts to make renewable energy sources more reliable, companies are building battery capacity to store electricity to use when the wind doesn’t blow and the sun doesn’t shine. The market for power storage is predicted to grow at a 60 percent compound annual growth rate through 2020. In the U.S., this market is estimated to increase tenfold between 2016 and 2022, reaching US$3.2 billion.
Because this type of project is so new, project managers face risks connected with lack of regulation and codes. Teams must have expert knowledge of battery storage systems so plans can be approved through existing power-sector regulations. A related challenge is transitioning the building project to operations staff, who may have never before managed such facilities.
Teams are overcoming these challenges and getting the battery plants online quickly, providing benefits to sponsoring companies and dependable renewable power. One of the more dramatic moves was made by Tesla CEO Elon Musk, who promised the government of South Australia, home to the world’s largest lithium-ion battery facility, an operational plant in 100 days after an agreement was signed—or else it was free.
Read all about this and other new and exciting project sectors each month in PM Network—this month more than usual, “the power of project management. Exclusively for PMI members. Every month.”
Posted
by
Dan Goldfischer
on: December 19, 2017 01:44 PM |
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Comments (16)
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates
New Westminster, British Columbia, Canada
Thanks for sharing this. It is indeed interesting.
Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates
New Westminster, British Columbia, Canada
I also do like those small sentences you put in between the articles for the different PM's. Nice Work !
Thanks for sharing information about emerging industries.
Drew Craig
Sr. Agile & Product Coach| Vanguard
Philadelphia, Pa, United States
Thank you, Dan. I read these on my mobile app during my commute.
Stéphane Parent
Self Employed / Semi-retired| Leader Maker
Prince Edward Island, Canada
I understand Musk won his bet.
Anish Abraham
Privacy Program Manager| University of Washington
Auburn, Wa, United States
Thanks for sharing this, Dan.
Thanks, Dan. There are projects like this that are focused on sustainability, and projects that apparently have nothing to do with sustainability and yet, still could benefit from 'sustainable thinking'. Thanks for bringing this one to light (excuse the pun).
Cheers
Rich
Great article for the community to learn more
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