More than a quarter of US commercial and industrial (C&I) electricity users could potentially use energy storage to lower premium rates they are charged during periods of high demand, the National Renewable Energy Laboratory (NREL) has found.
Ahead of Thursday, when Expressions of Interest will start being received, a tender for 400MW of renewables and 100MW of energy storage has already attracted ‘huge interest’ in Queensland, Australia.
A City of London investment bank has said it agrees that Swiss energy storage maker and integrator Leclanché will reach profitability, but expects it to take a year longer than the company itself has predicted.
An EV and stationary energy storage battery start-up headed by former SpaceX, Tesla, Apple, Amazon and Samsung designers and engineers has mobilised almost US$100 million of financing and contracts to kickstart manufacturing operations.
The US Department of Energy’s (DOE) assessment of reliability and security of the country’s electrical grid network is “encouraging”, the Energy Storage Association’s head has said in her initial reaction to the report’s publication.
The requirement of nine hours of energy storage duration at a project touted as a possible replacement for a new natural gas plant in California makes it tough for the newer technology to compete on cost, an analyst has said.
Another utility-scale energy storage facility has got the green light for construction in South Australia, claimed to be the first in the country to be “backed by mostly private investment from the energy industry”.
The growing commercial viability of energy storage has led regulators in the US state of New Mexico to add the technology to the suite of resources available to utilities in their forward-planning.
Regulations for the safe use of energy storage systems still need adaptation to “accommodate a broader use of energy storage with higher energy content like lithium-ion batteries in private homes”, experts at Fraunhofer ISE (Institute for Solar Energy Systems) have said.
