Tesla reported another major decline in its residential solar installations for the fourth quarter of 2017, while a supply shortage for its residential energy storage system ‘Powerwall 2’ has created a customer backlog of solar and storage installs of more than one year.

London-headquartered oil and gas company BP has announced plans to invest US$500 million (£358.5 million) in low carbon businesses each year as it looks to further embrace the low carbon transition.

A spokesman for S&C Electric has confirmed the company will no longer be producing its power conversion system (PCS) for energy storage systems but will remain in the market as a system integrator.

The Indian Budget has seen a hike in customs duty for lithium-ion batteries from 10% to 20%.

African Infrastructure Investment Managers (AIIM) has invested in Starsight Power Utility, a Nigeria-based energy services company providing solar-diesel-battery hybrid and efficient cooling and lighting solutions to its commercial and industrial clients.

Energy storage in the state of South Australia has continued its prolific pace of development with the announcement of two new grid-scale projects and a sizeable commercial and industrial (C&I) installation.

California has proved energy storage is both effective and cost-effective as a capacity resource, leading to one utility being instructed to hold competitive solicitations for energy storage, the head of the California Energy Storage Alliance (CESA) has said.

GE has formed a strategic alliance with UK energy infrastructure company Arenko to develop grid scale batteries in the UK, starting with a 41MW system in the Midlands.

Battery storage and demand-side response have continued to play a crucial role in the UK’s power mix, together landing more than 500MW of contracts in the most recent T-1 Capacity Market auction.

Members of the public in South Australia are being given the chance to participate in creating the biggest ‘virtual power plant’ of solar PV and batteries the world has ever seen.