Along with cost reductions in balance of systems (BoS) components and US$1 billion of investment, energy storage technologies can reduce the cost of commercial solar and drive the market segment forward in the US, a SolarCity spokesman has said.
Energy storage start-up Stem says it sees “strong opportunity” for expansion of its business in Australia, Japan and the EU, in the week when the company closed a US$12 million funding round led by Japanese trading company Mitsui & Co.
The remote Faroe Islands in northern Europe are to benefit from a major energy storage system, which as well as helping integrate renewable energy sources, will also operate on a commercial basis providing grid balancing and other ancillary services.
An energy storage project aimed at enabling the grid integration of 1MW of solar and 4.5MW of wind on the Portuguese island of Graciosa will be supplied with batteries by Leclanché.
Sonnenbatterie, considered to be one of the market leaders in Germany’s emerging solar-plus-storage sector, claims the new version of its Sonnenbatterie Eco battery storage system has as much as double the potential lifespan of previous models.
Remaining on the grid while using solar paired with batteries is likely to become a more economically attractive option for commercial and residential customers in key US markets, a new report from the Rocky Mountain Institute (RMI) claims.
The importance of technologies and services that enable effective energy storage including software and systems integration, is set to grow more than 30 times over in the next nine years, a new report claims.
PV Tech Storage interviews John Jung of Greensmith, an energy storage system and software provider which claims to have been involved with one third of all storage deployed in the US last year. Jung discusses ‘killer apps’, opening up new business models in new markets, software and battery agnosticism.
Research into energy storage and related technologies has been given a boost in the US in the past few days, with a major utility company committing funding in Indiana for renewables integration and New York’s governor announcing the creation of a research facility.
US provider of energy storage control systems and turnkey storage projects Greensmith has launched simulation and modelling software that the company claims will educate customers on decisions that can “make or break ROI (return on investment)”.
