JLM Energy, a US maker of residential ’microstorage’ systems that pair with individual solar panels, is leaning on its US$25 million project finance fund to develop larger storage projects for commercial businesses.
Axiom Exergy, a US manufacturer of energy storage units that use stored energy for cooling buildings and produce, has netted close to US$8 million from investors including Shell’s venture capital unit and Tesla battery guru JB Straubel.
Hawaii’s position as one of the leading US states for energy storage deployment shows no sign of weakening as Hawaiian Electric Co last week announced 120MW of new battery storage across two projects in Oahu.
Solar Media, the publisher of sites including Energy-Storage.News and PV Tech, has just launched the latest edition of the annual Global Energy Storage Opportunity report for this year – available now as a free download.
Convergent Energy + Power, a US-Canadian project developer which has attracted investment from the venture capital arm of Statoil, has acquired 40MW of flywheel energy storage already in operation in grid-balancing markets in New York State and Pennsylvania.
The US government Department of Energy is funding research into storing energy for periods of between 10 and 100 hours, announcing last week that “up to US$30 million” will be available through the Advanced Research Projects Agency-Energy (ARPA-E).
Virtual power plants (VPPs) can greatly increase the value of home energy storage systems for a range of stakeholders including grid operators, utilities and their customers, according to SolarEdge, which has just launched a VPP software platform.
The Thailand subsidiary of Delta Electronics, which makes equipment including solar inverters, has confirmed that it is investigating energy storage systems as part of a clean energy drive, following reports in local press.
G2 Energy, one of a small number of companies in the UK authorised to make new grid connections to the country’s electricity transmission and distribution networks, claims it has now surpassed the 100MW mark of battery projects worked on, as it announced the completion of connection works at a new 29MW battery storage facility in Kent, southern England.
There will be no benefit to basing home energy storage systems on automotive batteries, in the medium or long term, a representative of Mercedes-Benz Energy has said.
