The cost of energy storage technologies is set to reduce significantly over the next five years driven by economies of scale and improvements in both technology and standardisation, according to a new report from financial advisory and asset management firm Lazard.
Software for energy storage systems will be a mixture of in-house solutions by integrator/ developers and third-party providers, in an industry segment set for a steep rise in value, according to one expert.
China’s deployment of energy storage looks set to continue an upward trajectory, with almost 600MW in the pipeline as of the third quarter this year.
US residential solar company Sunrun announced Wednesday that its BrightBox solar energy generation and home battery storage service is now available to homeowners across California.
Battery storage specialist Younicos has been selected by Centrica to design the 49MW battery storage project that was last week awarded a 15-year Capacity Market contract.
US energy storage inverter manufacturer Dynapower has partnered with South Korea’s Samsung SDI to launch an integrated behind-the-meter energy storage system, featuring Dynapower’s Generation 2 MPS inverters and Samsung SDI’s E2 batteries.
Australian power firm Genex has completed a study showing it is technically feasible to connect a pumped hydro storage facility with its 50MW(ac) Kidston Solar Project in North Queensland, Australia.
Four makers of lithium-ion batteries have been sanctioned by the European Commission for anti-competitive practises, with three incurring fines totalling €166 million (US$176 million) after colluding to “avoid aggressive competition”.
An Arizona scheme to study the use of energy storage and smart inverters in integrating solar to the grid has contracted the deployment of 4MW of AES Energy Storage’s lithium battery systems.
Developers who were successful in winning contracts within last week’s Capacity Market auction have lauded the “crucial role” battery storage is set to play in the future for the national grid.
