The US utility-scale energy storage market is projected to maintain its position as the world’s largest and fastest-growing in the coming years, according to a new report from Guidehouse Insights.
Transmission and distribution network operator Hokkaido Electric Power has contracted Sumitomo Electric Industries to supply a grid-scale flow battery energy storage system for a wind farm in northern Japan.
FERC Order 841 looks set to allow distributed storage to participate in wholesale markets in the US. Energy-Storage.news has collected a wide range of reactions and views from industry participants on what it means.
The value of energy storage increases with growing shares of renewable energy on the grid, but the availability and cost of storage will determine how successful decarbonisation with renewables can be.
The reuse of electric vehicle (EV) batteries in stationary storage systems offers great possibilities, but investors still need to gain confidence in the ‘second life’ battery concept, the CEO of a company behind a new project in England has said.
Capacity payments that solar-plus-storage developers could earn from winning in Portugal’s big 700MW solar tender are an interesting first step, but will likely only be a supplementary income to add to what could be earned from ancillary services.
A new project is underway in the US to tear down a significant barrier for “realising the full benefits” of energy storage: the complexity and lack of clarity over interconnection rules across the country.
