It's by no means too late to introduce an effective Investment Tax Credit for energy storage, ESA CEO Kelly Speakes-Backman argues.
Tax provisions announced on 17 December in the US left out any mention of a standalone energy storage ITC.
Redflow’s zinc-bromine based devices have been picked by the New Zealand Rural Connectivity Group to help extend mobile coverage and internet connectivity to thousands of homes and businesses in remote areas.
Australia’s strong and ongoing potential for energy storage paired with solar PV has seen international and domestically-headquartered companies race to gain market share.
“No other policy in play right now” could be “more immediate or more impactful” than a ‘standalone’ Investment Tax Credit (ITC) in the US for energy storage, the CEO of the national Energy Storage Association has said.
A £55 million (US$67.8 million) fund has been earmarked for five projects in the UK looking at developing the next generation of battery storage technology.
'Hybridising' energy storage systems by combining lithium-ion and flow batteries, shares the power and energy application workloads between the two types of battery and can prolong their life expectancy, a representative of Thai engineering firm TSUS Group has said.
Subsidiaries of state-run energy conglomerate China Energy Engineering Corp have started constructing two major solar plants and one of the largest energy storage systems in China, according to filings on the Stock Exchange of Hong Kong (HKEX).
The capabilities of virtual power plants (VPPs) to provide capacity as well as frequency regulation services to the grid in Australia will be demonstrated through a new integration trial.
The development of systems capable of storing over six hours of energy economically is being supported in New York with an Innovation Challenge launched by the New York Power Authority (NYPA) and Urban Future Lab, a cleantech innovation centre.
New York’s energy storage deployment target of 1.5GW by 2025, roundly welcomed by the industry when introduced at the beginning of 2018, has been ‘doubled’ to 3GW - by 2030.
The US government has been urged to recognise the “critical role” energy storage can play in making the grid cleaner and able to accept more renewable energy, by increasing the eligibility of batteries and other technologies to receive the Investment Tax Credit (ITC).
State-run utility Electricity Generating Authority of Thailand (EGAT) is planning to facilitate 1GW of hybrid floating solar-hydro projects across eight dams throughout the country, while the national government is piloting large-scale battery energy storage.
A ceremony was held yesterday in Niedersachsen, Germany, to welcome the start of operations at a ‘hybrid’ energy storage plant that will use a combination of sodium-sulfur and lithium-ion batteries to stabilise the grid.
An extra AU$100 million (US$70.76 million) of funding could be put into a rebate scheme for households buying energy storage systems in South Australia, after a peer-to-peer lending group stepped in.
A 30MW / 30MWh battery energy storage system has been inaugurated with a ceremony in Victoria, Australia, with one project partner describing the switching-on as “a real watershed moment in the continuing modernisation” of the state’s energy supply.
The U.S. Trade and Development Agency (USTDA) is supporting a 41MW hybrid solar-wind-storage project being developed by private Indian energy firm IL&FS Energy Development Company Limited (IEDCL) in the Indian state of Andhra Pradesh by providing a grant to aid the plant’s technical design and planning.
A community microgrid in Chicago will be supplied with lithium-ion battery storage from aerospace and defence giant Lockheed Martin, allowing it to be ‘islanded’ from the local grid network.
Various companies in the Hyundai engineering and industrial construction group will work together on a 65MW solar PV plant with 130MWh of co-located battery energy storage in Seosan, South Korea.
One of the final acts in office of outgoing South Australia Premier Jay Weatherill, whose Labor Party was voted out in elections last week, appears to have been inking a deal for another 100MW+ lithium battery facility.
The government of the state of South Australia has named four utility-scale energy storage projects which it will support with grants toward the total cost of development.
While headlines about energy storage in Australia have been dominated by news of batteries in large-scale utility projects and the residential sector, the country’s government and renewable energy agency have identified numerous possibilities for developing pumped hydro storage assets.
The government of Jay Weatherill, premier of South Australia, has just formally launched three Calls for Proposals under the Renewable Technology Fund, a programme to foster private investment and accelerate project development in clean energy technologies.
In the UK, a new, quarter of a billion-pound innovation competition for batteries has been launched, while plans for overhaul of the energy sector promising a “determined, joined-up, far-sighted and deliberate approach from government” appear to have been met with relish by the industry. Consultant Robert Ede goes beyond headlines to look at what this might really mean in practical terms.
British government minister Greg Clark today unveiled the first phase of a £246 million (US$320 million) investment in battery technology with the launch of the Faraday Challenge, designed to boost research and development and position the UK at the forefront of energy storage.
Germany’s support programme for solar-plus-storage systems, which offers a rebate on the devices, has been officially re-launched as expected by the Federal Ministry of Economic Affairs and Energy.
The eligibility of energy storage systems for a programme financing energy efficiency and renewables through property tax assessment shows that the technology is maturing rapidly, according to the CEO of the North American arm of Sonnenbatterie.