Fundamental changes in how battery energy storage technology works come faster than they have done in solar PV or wind historically - and governments and regulators will need to adapt to keep up, one industry insider has told Energy-Storage.News.
A multi-million pound EU funded project is set to provide the Isles of Scilly with a new smart energy system, using new software platforms to manage supply and demand through renewables, energy storage and electric vehicles.
UK regulator Ofgem and the Department for Business, Energy and Industrial Strategy (BEIS) are planning to publish their response to the smart power call for evidence (CFE) in late May or early June.
Electric car maker turned ‘integrated sustainable energy company’ Tesla installed 98MWh of energy storage in the final quarter of 2016, according to its financial results released last week.
From Energy-Storage.News’ publisher comes The Global Energy Storage Opportunity, a special online-only supplement magazine that looks at some of the exciting recent developments in all segments from microgrids and residential to grid-scale and commercial.
Last year was a “seminal year” for energy storage, where the technology moved from “dream to reality”, according to impact investor Nancy Pfund, one of the earliest backers to Tesla and SolarCity.
Sydney-based lead-acid energy storage specialist Ecoult has secured AU$4.1 million (US$3.13 million) recoupable funding from the Australian Renewable Energy Agency (ARENA) to develop and commericalise its UltraBattery products.
News in brief: A selection of news highlights from the energy storage sector including a new approach to benefit stacking from Panasonic in Colorado.
Energy storage deployments in emerging markets could grow 40% annually over the next five years, from 2GW today to 80GW, but barriers include the lack of access to low-cost capital, a new report from the International Finance Corporation has found.
Project funding for energy storage jumped to US$820 million in 2016 from just US$30 million in 2015, while Sonnen was revealed as the energy storage company to raise the most VC funding this year.
Dubai Electricity and Water Authority (DEWA) has signed a cooperation agreement with the renewables arm of major French utility EDF to share expertise and experience in areas including energy storage, renewables, EV chargers and energy system integration.
The cost of lithium-ion batteries for energy storage declined 65% in five years between 2010 and 2015, while battery storage’s use for electricity could hit 250GW by 2030, from just 1GW today, according to the International Renewable Energy Agency (IRENA).
Ameresco will build a renewable-powered microgrid at a Marine Corp facility in Parris Island, South Carolina.
Lithium mining and extraction companies have made several recent high profile moves to increase their production of the metal, which is used to make the batteries in many stationary energy storage systems and EVs.
Turnkey energy storage system provider Demand Energy has commissioned a solar-plus-storage microgrid in Costa Rica at a medical manufacturing facility.
Property and infrastructure group Lendlease has signed a joint venture agreement (JVA) to deliver solar, battery storage and microgrid projects across Australia with Carnegie Clean Energy.