Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a “boom” in deployment figures expected over the next five years, analysis firm Wood Mackenzie has said.
Perhaps the biggest indicator of the recognition of behind-the-meter storage so far this year has been the acquisition of Sonnen by oil major Shell. CEO Christoph Ostermann spoke to Andy Colthorpe about why home storage uptake could be on a worldwide series of inflection points.
Varta Storage, the energy storage division of consumer, automotive and industrial battery manufacturer Varta, is poised to enter the UK and Ireland residential battery markets through a new exclusive deal with Waxman Energy, as global storage head Gordon Clements told our sister site Solar Power Portal the UK is “the next market that will start to open up” for the technology.
Strategic planning of Chinese industry at a state level could see electrical energy storage installations grow in importance, rocketing to as much as 24GW by 2020, according to one analysis firm.
Many have predicted 2016 will be the year when energy storage starts to live up to its hype. Andy Colthorpe canvased views from some of the leading figures and companies in the sector on the next developments a market that could help take solar and other renewables to the next level.
A small number of regional markets are leading the way for energy storage deployment in the US, but this is likely to change in the near future, an analyst from GTM Research has said.
German storage system manufacturer Sonnenbatterie, which announced this week the close of a US$10 million equity funding round, said it sees “high growth potential” for its products in Australia, the UK and Italy.