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While software has been described by many as the single most important aspect of how an energy networks integrates, manages and then uses energy storage, two industry heavyweights have said that selling software licensing alone was not a viable business model for them.
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.
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.
In the latest release, Sandia has emphasised the growth in interest in behind-the-meter (BTM), customer-sited energy storage systems.
News in brief from around the world in energy storage.
Today, energy storage projects often fail to deliver value because of economic miscalculations. These computational issues, however, can now be mitigated by applying software, analytics and machine learning, write Enrico Ladendorf and Bryce Evans of Pason Power.
News in brief from around the world in energy storage.
UK transmission network operator (TNO) National Grid has used a new web-based platform to dispatch ancillary services using battery storage in the first example of the new system being implemented across its reserve products.
As an interactive way to introduce its third generation of stacks, vanadium redox flow storage maker RedT debuted its augmented reality app at Intersolar Europe/ees Europe this year.
‘Batwind’, a much-talked about battery storage project due to being the first grid storage system connected to an offshore floating wind farm 25km off the Scottish coast, is now online.
News in brief from around the world of energy storage.
Enel has become the latest big name to spy opportunities in the commercial and industrial (C&I) energy storage space in Ontario, Canada, signing an agreement this week for its first project in the region.
Carsten Reincke-Collon of Younicos continues his look at the potential - and limitations - of using blockchain in the energy system. This second part covers how energy storage and storage management software could be the key to the 'puzzle'.
Younicos will carry out another project to retrofit lithium-ion batteries in replacement for an existing lead acid battery system at a wind farm, this time in Hawaii.
France-headquartered multinational utility ENGIE has followed up acquisitions in smart energy by incorporating three companies including commercial energy storage provider Green Charge into its parent brand, with the explicit aim of furthering its position in North American markets.
A “hybrid power plant”, controlling the grid for an entire island and its inhabitants, has been created with the addition of a management and control platform from energy storage system integrator Greensmith.
Microsoft is going to be the off-taker of power from a 37MW wind power project in Europe, trialling the use of integrated battery energy storage to trade the energy.
Energy storage services provider Peak Power will supply control platforms to 6MWh of energy storage projects in Ontario and New York, some of which will be funded by Sustainable Development Technology Canada (SDTC).
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).
Software platforms are emerging as a crucial element in the rapidly expanding energy storage industry. Alex Eller of Navigant Research explains the crucial role software plays in underpinning the value of energy storage systems.
US-based energy storage project developer and software company Demand Energy has been acquired by Italian utility company Enel.
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.
Involvement from billionaire Peter Thiel in Stem’s Series C indicates a shared belief among investors that “distributed, intelligent storage is going to absolutely revolutionise the electric grid over the coming decades”, the company’s marketing director has said.
Germany-based utility E.ON has invested in US energy storage software, systems and service company Greensmith, bringing the storage specialist’s Series C round of growth financing to US$18.3 million.
Sharp Electronics will add software modelling the performance of energy storage systems to its commercial storage offering, with software an area industry figures and experts have highlighted as one of the most critical areas of competition and progress in the sector.
The importance of technologies and services that enable effective energy storage including software and systems integration, is set to grow more than 30 times over in the next nine years, a new report claims.
PV Tech Storage interviews John Jung of Greensmith, an energy storage system and software provider which claims to have been involved with one third of all storage deployed in the US last year. Jung discusses ‘killer apps’, opening up new business models in new markets, software and battery agnosticism.
Energy storage is likely to be worth “tens of billion dollars in the next five to 10 years” across a number of global regions, according to executives at solar microinverter firm Enphase.
Two providers of large-scale battery systems for energy storage have announced expansion plans this month, with Vizn Energy opening new headquarters in Texas, and Younicos forming three separate new business units to address “rapid growth” in the market.