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.
Denmark’s largest energy company Orsted - formerly known as DONG Energy – has announced the completion of its first large-scale grid-connected energy storage project, a 20MW standalone battery system in Liverpool, England.
Mis-selling, insurance risk and the failure of associated costs to fall alongside sell prices could hold back greater battery storage deployment in Britain, a panel discussion has revealed.
While energy storage system price declines have slowed down in recent times in the US, standardisation of design and engineering will be among the key drivers in bringing down balance-of-system hardware and EPC costs.
Chinese electronics and engineering company Huawei, which also manufacturers inverters for solar PV systems, is starting the supply of its FusionHome Smart Energy Solution, providing solar-plus-storage capabilities to the Australian residential market during the first quarter of 2018.
Energy storage inverter and power conversion company DynaPower has delivered its first ever DC-to-DC converters to large-scale solar-plus-storage projects in the US, while Ideal Power has attained UL certification for two of its products.
Energy storage system and PV module manufacturer Solarwatt and PV inverter specialist Fronius have formed a partnership to supply each other’s products, covering five European countries and Australia.
The former VP of Solar Grid Storage has predicted average Balance of Systems (BoS) costs for energy storage will drop from around US$670 to less than US$400 per kilowatt in the next five years.
The falling cost of energy storage technology will break up the concentrated nature of the global market, according to a new report by IHS Technology.