Flow battery maker Avalon has initiated a novel business model aimed at lowering the cost of deployment of its energy storage units, effectively ‘renting’ the electrolytes in the devices to a customer in California.
A megawatt-scale energy storage system will be rented out to power a gold mine in Western Australia by Aggreko, the mobile power solutions company which bought up energy storage provider Younicos last year.
Increasingly, solar energy and behind-the-meter battery storage assets are being deployed on an ‘as-a-service’ basis and system integrator Younicos has decided to replicate the strategy for microgrids.
The commercial and industrial segment is one of the most promising sub-sectors of the energy storage space. Julian Jansen of IHS Markit describes recent efforts to model the US C&I storage landscape and what it reveals about this dynamic emerging market. As told to Andy Colthorpe.
The launch of an energy storage ‘as-a-service’ model by lithium battery pioneer Younicos is a “truly mobile offer” the company has said, based around renting assets to clients over two- to four-year contracts.
California’s recent droughts and ongoing need to economise water use have inspired more commercial energy storage at a local water board, with ENGIE Storage delivering a project for the San Diego Water Authority.
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.
Leaders in the fledgling commercial and industrial (C&I) sector in the US have made energy storage ‘as-a-service’ the core of their proposition, a market analyst has said.