The cost of energy storage technologies is set to reduce significantly over the next five years driven by economies of scale and improvements in both technology and standardisation, according to a new report from financial advisory and asset management firm Lazard.
Software for energy storage systems will be a mixture of in-house solutions by integrator/ developers and third-party providers, in an industry segment set for a steep rise in value, according to one expert.
News in brief: Sunverge launches AC-coupled systems, whether South Australia’s blackouts could have been a different story with batteries, German government approves model region project for renewables, storage and grids.
Residential energy storage company SONNEN announced Tuesday that Blake Richetta, former North American sales manager for Tesla Energy, will help lead SONNEN’s expansion into the US as vice president of sales.
Centrica, multinational major utility and owner of British Gas, is to launch a £19 million (US$24.2 million) UK pilot project which will assess the development of a virtual energy marketplace with renewables and storage at its heart in the UK.