While acknowledging that the economics “vary significantly” by region and application, Navigant Research has forecast that energy storage for integration of renewables and co-located with solar or wind could be worth more than US$20 billion by 2026.
US commercial and industrial (C&I) sector player Advanced Microgrid Solutions (AMS) has been selected by a water authority in California to deliver a 3MWh energy storage system at a facility processing polluted groundwater.
Shanghai-headquartered energy storage system maker Pylontech has become the first company to receive certification from TUV Rheinland that its lithium battery storage devices are suitable for use in Germany.
Power equipment supplier and system integrator Alfen is putting energy storage and EV chargers on a football stadium in its Dutch homeland, while the company is reportedly considering a stock market flotation.
The European Council (EC) has agreed a new position on the internal electricity market, placing consumer empowerment, cross-border trading and higher levels of renewables at the heart of the European Union’s efforts to transition to a low carbon economy.
National Grid has revealed a simplified, more standardised approach to Firm Frequency Response (FFR) procurement whilst teasing the first details of its fast-response follow-up to EFR.
UK energy regulator Ofgem has published guidance outlining how developers and asset owners can add storage to their subsidised solar installations without losing accreditation to the Renewables Obligation (RO) and Feed-in Tariff (FiT).
The CEO of Primus Power agrees that at present, lithium battery systems are more bankable than the flow battery energy storage systems of the type his company makes, but asserted that he believes this will change over time.
Hospitals, schools and railways in South Australia will be powered by an electricity retailer started up by billionaire steel trader Sanjeev Gupta, following the signing of an agreement between the state government and Gupta’s SIMEC ZEN Energy.
ESS Inc, among several companies looking to commercialise a flow battery energy storage technology, has netted US$13 million in a Series B funding round from investors that include global chemical company BASF.
