The average global cost of installing residential energy storage systems will fall from US$1,600 per kWh in 2015, to US$250 per kWh by 2040, according to the latest Bloomberg New Energy Finance (BNEF) report.
Pope Francis has called for the worldwide development of renewable energy sources and adequate energy storage technologies in order to drastically reduce fossil fuel consumption and the related emissions from carbon dioxide and other polluting gases.
Energy storage developer Imergy Power Systems has announced the installation of a 30kW, 120kWh ESP30 vanadium flow battery to be tested with PV systems at the SunEdison and Global Academy of Technology (GAT) solar research and testing centre in Bangalore, India.
A proposed “sun tax” on use of batteries for residential self-consumption of solar energy in Spain could increase payback time from around 16 years to 31 years under a new draft Law put forward by the Spanish Government. Hefty fines for infringement, capped at €60 million (US$67.7 million), have also been proposed.
Energy storage system installer Advanced Microgrid Solutions (AMS) has chosen Tesla to provide up to 500MWh of batteries for its utility-scale energy storage projects.
US utility Duke Energy has teamed up with battery provider LG Chem and storage software provider Greensmith to build a 2MW lithium-ion battery-based energy storage system in Ohio.
S&C Electric Europe has used locally-sourced lead acid batteries combined with 80W solar panels to provide electricity for two primary schools in Zambia.
A renewable energy and energy efficiency consultancy, IT Power (ITP), will use funding from the Australian Renewable Energy Agency (ARENA) to trial the effectiveness of six brands of lithium-ion batteries for enhancing grids and increasing the deployment of renewable energies.
A US energy company is testing power-to-gas systems that store energy from renewable energy production, including solar power, during times of excess supply.