Nidec ASI has been selected as supplier of batteries to a 49MW energy storage project in the UK by EDF, which will help balance the grid and generate revenues until at least 2035.

A 1MW ‘virtual power plant’ part-funded by the Pacific International Center for High Technology Research (PICHTR), utilising energy storage across 29 customer sites, has been connected in O’ahu, Hawaii, by Stem.

System provider JLM Energy has launched the first in a suite of energy storage products that connects battery storage directly to solar panels.

Engineering multinational Siemens will collaborate with Eos Energy Storage, maker of zinc hybrid cathode-based battery systems, on the integration, installation and servicing of energy storage systems.

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 UK has a pipeline of 2.3GW of commercial and industrial (C&I) and utility scale battery-based energy storage projects, with many developers already looking to ‘stack’ revenues through providing multiple services, a new report has found.

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).

What is thought to be India’s first grid-scale energy storage array will be developed and delivered by a joint partnership between system provider AES and Mitsubishi Corporation, it was announced.

US-based energy storage project developer and software company Demand Energy has been acquired by Italian utility company Enel.