A drive aimed at reducing the soft costs of distributed energy storage systems by the New York State Energy Research and Development Authority (NYSERDA) could award over US$8 million of funding.
A plan by utility Con Edison to save US$1 billion on infrastructure spending in New York’s Brooklyn and Queens neighbourhoods will get 13MWh of energy storage from Green Charge.
US-Canadian energy storage project developer Convergent Energy and Power has secured third-party project financing for 12MW of energy storage projects in Canada that will provide grid services.
Tesla-SolarCity could become an energy equivalent to an Uber or AirBnB, with a merger between the two creating “an integrated sustainable energy company, which does not own any centralised generation assets”, one expert has commented.
Swiss Green Electricity Management Group (SGEM), an investor in energy storage projects, has announced a 20MW / 10MWh battery storage system for PJM Interconnection’s frequency regulation market, to be supplied and built by Leclanché.
Energy storage systems from Mercedes-Benz will be supplied with batteries manufactured at an expanded plant in Germany which the company has just announced, but has declined to reveal the production capacity.
Chinese inverter manufacturer Sungrow has supplied its inverter and battery storage technologies to a large-scale solar-plus-storage microgrid project in a remote area of Tibet.
A solar power plant owned by Vermont utility Green Mountain Power saved the utility’s quarter of a million customers US$200,000 in one hour by drastically reducing peak demand.
The participation of venture capital (VC) investors seems to have cooled, while project funding has conversely seen a sharp rise, in the latest quarterly report into funding and mergers and acquisitions from Mercom Capital.
Strategic planning of Chinese industry at a state level could see electrical energy storage installations grow in importance, rocketing to as much as 24GW by 2020, according to one analysis firm.
