Colocating battery energy storage systems alongside renewables projects will be ‘critical’ to energy networks in the future, and could help level up debt financing.
The Asia-Pacific region will continue to be the world’s leading centre of lithium-ion cell manufacturing for the next decade, but it won’t just be price reductions in batteries that will drive a 30% drop in front-of-meter battery storage in key markets China, Australia and South Korea.
“This next phase we’ve entered is a large number of projects in a lot of places," Fluence VP for marketing and strategy, Brian Perusse, tells Energy-Storage.news.
Codes for safe installation of energy storage systems (ESS) will go into effect on a permanent basis after 1 November.
New technologies and designs aimed at driving down the cost of energy storage facilities are currently the focus of intense industry R&D. Sara Verbruggen reports on DC coupling, an emerging system architecture that many believe will soon become the industry standard.
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.