Barriers to financing for energy storage could hold back the growth of solar in the US, while an Investment Tax Credit (ITC) for standalone energy storage should be introduced, the audience heard as our publisher Solar Media hosted the Solar and Storage Finance USA event last week.
Germany-headquartered residential battery storage manufacturer sonnen has launched an “all-in-one” system in the US which comes at a recommended retail price of US$9,500.
Australian utility AGL has furthered its plans to develop 850MW of large-scale battery storage across a number of sites in the country, announcing a new project in Victoria.
UK stock exchange-listed energy storage investment fund Gore Street Energy Storage Fund has applied to triple its capacity in the Republic of Ireland, up to a total of 180MW.
UK energy storage solutions provider Zenobe Energy is targeting an additional 500MWh of storage and 1,000 electric buses following a £150 million (US$198.94 million) investment the infrastructure equity investment arm of investment manager M&G.
The importance of software for the bankability of a project is growing, as the opportunities for energy storage around the United States continues to expand.
A tourism development in Saudi Arabia which will have its own international airport and hopes to attract over a million visitors each year will be 100% powered by renewable energy, with the help of a 1,000MWh battery storage facility.
The Australian state of Victoria has doubled down on its rooftop solar and home battery subsidy programme as part of a drive to help households cover the cost of their power bills while making properties more energy efficient.
With dozens of massive new lithium-ion battery factories planned or already under construction in Europe, Panasonic and Equinor are investigating the potential for a “green battery business” in Norway.
