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.
Utility-scale solar projects in a region of Japan affected by fears of grid capacity constraints have been supplied with energy storage, aimed at mitigating the potential effects of output curtailment.
Sharp has launched its latest home energy storage systems in Japan, with features geared towards meeting changes in the electricity market that are underway in the country.
The Japanese city in which the manufacturing bases of lithium-ion battery makers including Panasonic, Hitachi Maxcell and GS Yuasa are located will play host to the world’s biggest energy storage battery and system testing facility to date.
A spokesman for Solar Frontier has said that a retrofit market for up to half a million home energy storage systems could open up in Japan from the year 2019, as agreements made under a subsidy scheme for solar in existence before the current feed-in tariff begin to reach the end of their terms.
Japanese financial services company Orix Corporation has invested in UniEnergy Technologies (UET), a US company delivering large-scale energy storage based around its own vanadium flow batteries.
The International Renewable Energy Agency (IRENA) is set to launch a technology roadmap for electricity storage at the solar industry conference and exhibition Intersolar Europe next month. IRENA technology roadmap analyst Ruud Kempener spoke to Andy Colthorpe about the project.
Tokyo Electric Power Company (TEPCO), one of Japan’s major electric utility and transmission providers, will conduct a microgrid demonstration project on a remote Japanese island, incorporating solar, storage, wind and diesel.
The market for residential solar paired with energy storage will grow tenfold by 2018, despite the relative failure of deployment to “live up to hype”, according to a new report from analysis firm IHS.
AU Optronics (AUO) is to launch its residential and commercial energy storage system, Powerlegato, into the European, Japanese and Australian markets on the back of receiving the necessary certification.
The International Electrochemical Commission (IEC) will begin a programme of standardisation for redox flow batteries – which can be used for large scale energy storage applications – following discussions which were initiated in Japan in October 2013.