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News in brief from around the world in energy storage.
News in brief from around the world in energy storage.
The company’s partner in Japan, Next Energy & Resources, has predicted that the growth of home solar - and now energy storage - systems will help provide the impetus for new business models, including the growth of third-party ownership.
US software and data company Autogrid has continued its roll-out of solutions into Japan’s evolving electricity market, joining a virtual power plant (VPP) project that could add more than 10,000 assets by the end of 2021.
Tokyo’s main power company is using blockchain distributed ledger technology to assess how customers on its new renewable energy tariffs could use solar, batteries and electric vehicles to trade energy via the grid.
Thanks to “innovative business models” and the combination of PV with batteries, Japan’s “solar boom” is far from over, market expert Izumi Kaizuka of RTS PV has said.
Japanese conglomerate Marubeni Corporation has invested in US-based company, GridMarket, which is focused on distributed generation projects using battery storage, solar PV, fuel cells, and combined heat and power.
A Tesla Powerpack energy storage system with 7MWh capacity has been deployed for a train company in Japan, adding backup power capabilities to trains and adding the system to an ongoing virtual power plant project.
Andy Colthorpe caught up with Moixa CTO Chris Wright to hear about how a tie-in with trading company ITOCHU and the Ministry of Economy, Trade and Industry (METI) is creating smarter energy networks in Japan using solar, batteries, electric cars – and Moixa’s GridShare software platform.
Nippon Koei, one of Japan’s largest engineering firms, has formed a joint venture with a British battery storage firm to construct two 50MW behind-the-meter energy storage projects in the UK.
UK battery storage firm Zenobe Energy has secured a £25 million (US$32.27 million) investment from Japanese power giants Jera and Tokyo Electric Power Company (Tepco).
Sodium sulfur (NAS) batteries produced by Japan’s NGK Insulators are being put into use on a massive scale in Abu Dhabi, the capital of the United Arab Emirates.
Automotive giant Toyota and electronics firm Panasonic have announced a joint venture which will look to lead the field in EV battery technology.
Residential PV system owners who signed up to Japan’s feed-in tariff policy for 10-year contracts, that will soon expire, may be able to find new ways to benefit from their solar using battery storage.
A ceremony was held yesterday in Niedersachsen, Germany, to welcome the start of operations at a ‘hybrid’ energy storage plant that will use a combination of sodium-sulfur and lithium-ion batteries to stabilise the grid.
As Japan’s heavily regulated energy markets continue a process of liberalisation and supposedly increasing consumer choices, utility TEPCO has launched a smart electricity tariff enabled by the capabilities of residential battery storage.
Softbank Energy and Kyocera, two major names in Japan’s solar energy industry, are partnering with utilities, grid operators and other stakeholders to execute virtual power plant (VPP) projects backed by the government.
TEPCO, one of Japan’s national utilities and grid operators, will roll out home solar-plus-storage systems for its customers as part of a drive to create a renewable energy retail business.
Chinese inverter manufacturer Sungrow has leaned on its joint venture with Samsung SDI to supply both inverters and lithium batteries to a large-scale energy storage project in Japan.
The CEO of ‘intelligent energy storage’ provider Stem Inc, has said a recently-awarded project in Japan will lean on business models the company has used in the US, while artificial intelligence (AI) technology makes that same transference possible.
Japanese trading house Itochu has invested £5 million (US$7.04 million) into UK-based energy storage and related services provider Moixa, which will enable Itochu to add Moixa’s ‘GridShare’ aggregation platform to its own suite of battery storage solutions.
Stem Inc, self-described as a supplier of “artificial intelligence-powered” energy storage, which deployed a system on average every two days last year, has closed a US$80 million Series D financing round.
Major Japanese business and government entities have extended their involvement in energy storage with the announcement of the country’s first virtual power plants, an investment in a US frequency regulation project and partnerships on technology.
The developer of one of the world’s biggest battery energy storage systems (BESS) installed globally so far will be taking its vanadium redox flow systems into the international market, beginning with a pilot in Belgium.
SB Energy, the renewables arm of Japanese firm Softbank, and Mitsubishi UFJ Leasing are to develop a 102.3MW solar PV project combined with 27MWh of battery stroage in Hokkaido, Japan.
US systems integrator IHI Energy Storage will build a 500kW / 2.5MWh energy storage system in Japan’s Fukushima region, for completion by April 2018.
While the global energy storage industry has continued its pace of rapid growth during the past year, well-established markets remain highly concentrated in specific regions of the world. Alex Eller of Navigant Research discusses many of the factors influencing growth trends for energy storage at both utility-scale and distributed levels.
Two large-scale solar plants planned for the northern Japanese island of Hokkaido will be paired with utility-scale energy storage, in order to meet regulations set out by the region’s electricity authority.
Bloomberg New Energy Finance (BNEF) senior analyst Logan Goldie-Scot discusses with Energy-Storage.News drivers for the recent uptick in storage across the globe, as well as insights on why America has an ideal regulatory approach to storage technologies, the recent UK tender, and the potential of dynamic markets in Asia Pacific.
A new report from Bloomberg New Energy Finance (BNEF) details how more than US$8 billion will be invested in new-build energy storage in the year 2024, driven by an increase in deployment of behind-the-meter storage.
Energy storage capacity additions will double worldwide to 2.9GWh this year, up from 1.4GWh in 2015, according to the latest report from analyst firm IHS Markit.