Glen Dimplex, by some estimates the world’s biggest maker of domestic heating appliances, is due to start recruiting households to participate in the latest phase of an EU trial of energy storage technologies.
The former VP of Solar Grid Storage has predicted average Balance of Systems (BoS) costs for energy storage will drop from around US$670 to less than US$400 per kilowatt in the next five years.
Japanese financial services company Orix Corporation has invested in UniEnergy Technologies (UET), a US company delivering large-scale energy storage based around its own vanadium flow batteries.
Off Grid Electric, a company specialising in providing electrification to rural communities, has created a US$45 million investment vehicle, bringing its total raised this year in equity and debt financing to US$70 million.
In light of the Paris COP21 climate conference, New York City announced plans to incorporate 2,000 electric vehicles (EVs) into its municipal fleet by 2025. New York City claims this move will make it the largest EV fleet operator in the world. Analyst Dean Frankel of Lux Research takes a dive beyond the headlines.
A document setting out new policy directions on solar support says the UK government has recognised the potential of energy storage but has decided the feed-in tariff would not be an appropriate mechanism to incentivise uptake.
Energy storage provider AES Energy Storage has signed a multi-year agreement for Korean battery supplier LG Chem to provide 1GWh of lithium-ion battery capacity for AES’s energy storage systems, which a US analyst has said could take around seven to eight years to install and be worth an estimated US$300 million.
News in brief: UK pro-solar Conservative politician Gregory Barker and film star Leonardo DiCaprio have joined the advisory board of Powerhive; Ireland’s government has become the latest to recognise the potential of energy storage in its national low carbon transition; and flow battery maker has supplied systems to projects in Europe that demonstrate the technology’s strengths in integrating PV generation.
A utility has been first off the mark to put Tesla Powerwall stationary storage systems on sale in Australia, with installations expected to begin in February.