Third parties and utilities will finance around 84% of the market for grid-tied stationary battery energy storage by 2025, according to a report from Navigant Research.
German inverter manufacturer SMA and Korean battery maker LG Chem have teamed up to offer a residential solar storage solution in Europe and Australia from December 2016 onward.
The energy storage business of German auto manufacturer Mercedes-Benz is expanding to the US market starting early 2017.
Battery manufacturer and developer NEC Energy Solutions is to supply Southern California Edison (SCE) with its first grid energy storage pilot system under a procurement programme established last year.
The long-awaited call for evidence on UK energy storage and smart power policy, giving stakeholders the chance to put forward their views to government, will be released within the next couple of weeks according to the head of smart energy at the Department of Business, Energy and Industrial Strategy (BEIS).
US-Canadian energy storage project developer Convergent Energy and Power has secured third-party project financing for 12MW of energy storage projects in Canada that will provide grid services.
Tesla-SolarCity could become an energy equivalent to an Uber or AirBnB, with a merger between the two creating “an integrated sustainable energy company, which does not own any centralised generation assets”, one expert has commented.
Swiss Green Electricity Management Group (SGEM), an investor in energy storage projects, has announced a 20MW / 10MWh battery storage system for PJM Interconnection’s frequency regulation market, to be supplied and built by Leclanché.
The North American subsidiary of international investor-owned energy supplier E.ON has begun construction on its first energy storage project.
Residential installer Sunrun has teamed up Korean battery manufacturer LG Chem, to offer solar-plus-storage systems in the US, while the battery maker also announced a partnership deal in Australia with distributor Solar Juice.
