Stem Inc’s shares begin trading on the New York Stock Exchange today, after the “artificial intelligence-driven clean energy storage services” company completed its business combination with special purpose acquisition company (SPAC) Star Peak Energy Transition Corp.
Stem Inc solar-storage project on Massachusetts landfill site will play into New England ISO markets
Stem Inc has completed a front-of-the-meter solar-plus-storage project in Massachusetts that will participate in New England’s wholesale markets run by system operator New England ISO.
The Australian state of Victoria has doubled down on its rooftop solar and home battery subsidy programme as part of a drive to help households cover the cost of their power bills while making properties more energy efficient.
News in brief from around the world in energy storage.
A solar-plus-storage project in New York which has just been completed is the first community project of its type and should help lower electricity costs for participants by 10% for the next 25 years.
Energy generation has never been a single technology market and energy storage is no different, says Ed Porter from Invinity Energy Systems.
Adding well-optimised energy storage to solar PV projects in the US state of Massachusetts can increase project revenues by up to 50%, Stem Inc has claimed, as the energy storage provider announced the completion of a front-of-meter solar project with 8MWh of storage.
ROUNDUP: NeoVolta’s SGIP+ITC win, Northvolt-Vattenfall’s new Voltpack, ArcVera launches ESS services
This week's roundup of news in brief from around the world in energy storage focuses on recent products and services launches.
The Solar Energy Corporation of India (SECI) has extended bid submission deadlines for a number of solar projects with battery storage co-location requirements.
The government of India has announced measures to promote new “Champion Sectors” of economic growth, including support incentives for advanced battery cell and solar PV manufacturing.
Massachusetts has issued an emergency regulation to its Solar Massachusetts Renewable Target (SMART) programme, that includes mandating the addition of energy storage on projects over 500kW.
Energy storage developer GlidePath has announced that it is readying for construction on 80MW / 320MWh of standalone battery storage projects in New York State.
It's by no means too late to introduce an effective Investment Tax Credit for energy storage, ESA CEO Kelly Speakes-Backman argues.
Tax provisions announced on 17 December in the US left out any mention of a standalone energy storage ITC.
The UK government has confirmed that energy storage systems will be eligible under the UK’s newly unveiled successor policy aimed at supporting the deployment of residential solar in the wake of feed-in tariff cuts, but only if co-located with a participating renewable energy generator.
SolarEdge’s StorEdge inverters have been deemed eligible for a programme rolled out by National Grid in the US states of Massachusetts and Rhode Island encouraging customers to help reduce peak demand on local networks.
Steven Marshall, the Premier of South Australia, has welcomed the start of assembly-line work at Sonnen’s new factory in Adelaide, while rival Tesla’s virtual power plant (VPP) in the state is beginning its second phase of development.
Following news of SB100, legislation that would set California on a path to 100% renewables by 2045, the state is also on the brink of setting up a rebate programme for energy storage equipment sales.
Only large scale and intelligent energy storage can realistically solve the issue of variable renewable electricity generation. Patrick Clerens, Secretary General at the European Association for Storage of Energy and a member of the advisory board for Electrify Europe, argues that we can make it happen – but only if we get the incentives right.
San Diego Gas & Electric (SDG&E), one of California’s three main investor-owned utilities (IOUs), said this week that it will add resilience and backup capabilities to public sector buildings through the procurement of “up to 166MW” of energy storage.
An analyst at Navigant Research has said he was surprised to see Tesla dominate California’s SGIP (Self-Generation Incentive Program) applications, with the Silicon Valley car and tech company accounting for half of all requested funds.
Nevadan legislators have passed a number of bills to incentivise energy storage in the state for approval from governor Brian Sandoval.
Germany is looking increasingly likely to extend its incentive programme for domestic energy storage systems, according to a prominent member of the country’s Green Party.
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).