Finnish power equipment firm Wärtsilä has immediately followed up its launch of hybrid and standalone energy storage systems with the acquisition of system integrator and software specialist Greensmith Energy Management Systems (Greensmith).
While some observers have breathlessly called 2015 the “Year of the Battery,” a more accurate description might be that we are seeing the dawn of the “Age of Energy Storage,” especially the winning combination of storage integrated with solar and emerging smart grid technologies, writes Panasonic’s Daniel Roca.
Investing in energy storage batteries to “create a 21st century, decentralised energy system” could pave the way to a sustainable and subsidy-free future for solar in the UK, according to an influential former minister.
Some news in brief from around the world of energy storage this week: Manz underlines positive assessment of energy storage sector with US$55 million deals, Sonnenbatterie backs US push with investment from INVEN Capital, local sources report AES wants to build 250MW of projects in Philippines.
Makers of flow batteries have redoubled their efforts to make the technology the leading choice for utility-scale storage applications, with one installing the largest such system to date in Europe and North America just a few days ago.
There is a greatly expanded amount of energy storage on offer at the European edition of the Intersolar trade exhibition and conferences this year, including the Electrical Energy Storage (EES) Europe show hosting its own conference for the first time. Andy Colthorpe took the opportunity to canvas opinions on the big trends and topics from a number of industry figures.
Lessons learned from solar could help develop financing solutions for energy storage that could be “key” to unlocking the potential of the technology, strongly benefiting PV in the process, Jigar Shah has said.
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.
Energy storage solution provider Eos Energy Storage has announced that it has raised US$23 million in Round C equality financing — which it will use to help its commercial launch of the company’s grid-scale battery technology.
The UK is lagging behind many other countries in both private and public investment into the deployment of modern electricity storage. Despite some measures which represent a good start, the new British government needs to act to remove the “roadblock” to this activity, blogs Anthony Price.
Prices for Tesla’s stationary storage systems for homes, businesses and off-grid communities, to be packaged and sold in partnership with SolarCity, will begin at US$3,000, thought to be as little as a third of the price of comparable products previously available on the market.
The US Department of Energy’s Sunshot initiative has announced US$15 million in funding to aid the integration of solar into the electrical grid infrastructure using energy storage systems.
The US department of Energy has included energy storage projects in a US$4 billion loan guarantee programme announced yesterday.
Barclays has voiced the opinion that solar PV-generated energy coupled with storage presents a long term disruptive risk to electric utilities in the US, as it was reported the bank’s investment arm had downgraded the entire electric sector of the US high grade corporate bond market.
Energy storage technologies are not the “silver bullet” they have sometimes been hyped as, but nonetheless have a crucial role to play in a decarbonised electricity system, according to the International Energy Agency (IEA).