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.
Battery storage systems have been proven to be “extremely lucrative” for commercial and industrial (C&I) customers in the US, but a lack of customer knowledge of regulations and supply shortages of battery cells could yet stymie the market’s growth.
How do electric grids that were state-of-the-art in the 19th Century remain stable and resilient through 21st Century climate disasters and other problems? They don't, says Catherine Von Burg, CEO and co-founder of distributed battery energy storage company SimpliPhi Power - but giving people the power to be independent can be a solution fit for the future.
Pacific Gas & Electric (PG&E), one of California’s three main investor-owned utilities, has said that 1,400MW of battery storage is to be deployed in its service area by the end of 2023 will keep the company on-track to meet statewide renewable energy goals “while ensuring grid reliability”.
Uplight, a US energy software company that helps electric utilities reduce their baseload energy use by monitoring and adapting how their networks operate based on consumer behaviour, has reached a valuation of US$1.5 billion following investment from groups including Schneider Electric.
Mexico’s economy, international competitiveness and quality of power on the electric grid - as well as its environment - could be given a serious boost if battery energy storage systems were given a greater chance to contribute, a developer of projects based in the country has said.
PG&E, one of California’s main investor-owned utilities (IoUs) has awarded contracts for more than 1,000MW of battery energy storage projects to be deployed in its service area by the end of 2023, the company’s senior VP for energy policy and procurement has said.
A new three-year project allowing residential solar and batteries to trade electricity and grid services in Victoria, Australia, is aimed at creating a replicable model marketplace that could be widely expanded across the country.
The importance of software for the bankability of a project is growing, as the opportunities for energy storage around the United States continues to expand.
The locations for three ‘community battery’ projects have been announced by Australian electricity distribution company Ausgrid, set to be deployed next year.
Sonnen founder Christoph Ostermann will be succeeded as CEO by chief operating officer Oliver Koch tomorrow, as the Germany-headquartered energy storage system maker targets its “next growth stage”.
The US industry deployed 168MW / 288MWh of energy storage in the second quarter of this year, the second highest quarterly figures on record, according to Wood Mackenzie Power & Renewables.
Bringing a proven, flexible, virtual power plant (VPP) platform into North America is a step towards “unleashing the potential” of distributed energy, the chief commercial officer of UK-headquartered solutions provider Kiwi Power says.
FERC Order 841 looks set to allow distributed storage to participate in wholesale markets in the US. Energy-Storage.news has collected a wide range of reactions and views from industry participants on what it means.
A roundup of news in brief from around the world in energy storage, this week with a US flavour.
What has been described by the head of its federal regulator as the “single most important act” the US could take in smoothly transitioning to a “clean energy future” will become reality, with distributed energy storage set to join wholesale markets and compete to provide services on a "level playing field" with fossil fuel resources.
A project demonstrating aggregated solar-plus-storage in Louisiana involving energy storage company SimpliPhi Power, technology partner Heila and local utility SWEPCO has started off small, but is “expected to transition into a larger network of distributed systems, soon”.
Analysis firm Wood Mackenzie has held onto its forecast that the US will deploy around 7GW of energy storage annually by 2025 and found that 97.5MW / 208MWh of storage was installed during the first quarter of this year.
The business case for behind-the-meter (BTM) battery storage in Australia appears to be positive, according to a University of Queensland report on the performance of a 1.1MW / 2.15MWh Tesla battery energy storage system (BESS).
Eos Energy Storage will deploy a megawatt-scale, behind-the-meter zinc hybrid cathode battery energy storage system for a large oil refinery in Greece, claiming it be validation of the safety and environmental benefits of the novel technology.
Behind-the-meter energy storage to be heavily hit by COVID-19, but industry growth will be resilient
Despite a subdued year in 2019 and a challenging start to 2020 caused by the COVID-19 outbreak, the outlook for energy storage remains strong, says Julian Jansen of market research group IHS Markit, taking a deep dive across segments and geographies.
Powin Energy has launched a set of three battery storage system products using CATL’s large form factor lithium-ion cells, including a system solution capable of 4+ hour duration and backed by a 20-year warranty.
Australian state governments of Western Australia and the Northern Territory have budgeted for measures to support renewables in the past few days, primarily through supporting batteries at large-scale, residential and community level.
More than 14-fold increase is forecast to 2025, from 523MW recorded in 2019, with the “sharp scale-ups” both regionally and nationally to be driven primarily by a combination of “utility procurements and the accelerating residential market,”
Kruger Energy said that along with smart software and technology solutions company Peak Power, it has deployed three commercial and industrial (C&I) energy storage projects into a behind-the-meter virtual power plant (VPP).
Make no mistake - headlines in the mainstream press this week around Australia, climate change and energy are not positive. But enthusiasm at state level, where arguably politicians have closer relationships with their constituents, appears to run counter to apathy or even obstructionism from the top.
Batteries are now one of a “huge variety of distributed energy assets capable of providing flexible capacity to the network”, but failure to manage them correctly will limit the market opportunities available, as well as the lifetime of the systems themselves, the data science head of UK flexible energy tech company Open Energi has said.
Over half a million dollars of contracts to supply flexibility to a distribution network in Britain have been awarded through a commercial tender to resource operators including behind-the-meter energy storage systems.
Strong deployment figures have been posted for the US’ energy storage market in both residential and non-residential segments in the past quarter, amid warnings that an escalating trade war with China could dampen some of that enthusiasm if tariffs are applied.
The UK’s energy retail market is witnessing an exodus of customers leaving the so-called Big Six for independent suppliers, who are attracting them with home solar systems and a battery to match. Liam Stoker uncovers what’s behind the trend for new energy suppliers taking to domestic PV