After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China.
Once again, lithium-ion battery-based solutions have been selected for projects that will “improve overall reliability” of electricity supplies, to enhance the grid and make it more efficient, while also providing backup in case of outages.
ICYMI: This year's Intersolar Europe was accompanied by the biggest energy storage show to take place at the Munich industry bonanza. For those of you that couldn't be there, or were perhaps too busy with meetings to take in the whole show, here are some pictorial highlights and some quick commentary.
Secretary of state João Galamba tells Energy-Storage.news of plans to boost dispatchable renewables as government works to drive a PV surge within a decade.
Using energy storage – and often renewables – could see mines, cement companies, data centres and other large industrial operations in emerging markets reduce their electricity costs drastically, the CEO of Greensmith has said.
VC funding for battery energy storage companies in the first half of this year has already exceeded 2016’s total and looks on the way to bettering 2017, with US$539 million raised across 29 deals.
Energy storage can be an extensive value enabler for existing customers of UPS systems, while attracting new commercial and industrial (C&I) users into the space, a spokesman for Vertiv has said.
Oregon-based utility company Portland General Electric intends to spend between US$50 million to100 million on around 39MW of energy storage, company executives have revealed.
Electricity and heat generator and retailer Vattenfall is developing a third party model for energy storage deployment, which will see the Swedish firm deploy batteries alongside UK solar farms.
Britain could be the best “scale-up” market in the world when it comes to deploying energy storage batteries, leaning on years of experience in solar PV, the chief of one manufacturer has said.
A dozen San Diego schools in the Poway district of San Diego, California, have taken energy storage systems from Green Charge, with 6.3MWh cumulative capacity.
German firm talks up its flywheel energy storage system as a solution for wind farms and public transport.
German manufacturer Siemens has been recruited by Italian energy utility Enel to provide battery storage to the small Mediterranean island of Ventotene.
New York City expands its target for solar power capacity, and sets new goal for energy storage, as mayor Bill de Blasio claims capacity from renewables has quadrupled on his watch.
US state of Massachusetts recommends large-scale energy storage installations, sweeping policy changes, and wide-ranging pilot programme, a month after it proposes storage procurement targets for local utilities.
SolarCity purchase under threat as Tesla shareholders file four lawsuits in two weeks, alleging the company’s board breached fiduciary duties
US government to fund 16 research projects into how new technology, specifically solid ion conductors, can overcome the limitations of current battery and fuel cell products.
Renewable Energy Systems ranks alongside US firm AES at the top of a new leader-board of energy storage systems integrators; its two new National Grid contracts will see it top the table, it says.
Car marker General Motors says it will underpin its 2015 drive for 100% reliance on renewable energy sources with its expertise in energy storage, and its expansion of solar and wind installations.
Southern California Edison awards Tesla Motors contract to build 20MW energy storage system in California before the year is out; new facility will provide renewed stability of energy supply following Aliso Canyon disaster last October.
The South Korean government to incentivise solar power plants to install energy storage systems (ESS) from 2017, raising local ESS demand by US$390 million.
Southern California Edison appoints Canadian firm AltaGas to build 20MW energy storage facility in California; AltaGas recruits Greensmith for software and integration.
Storage provider Stem adds US$100 million to its kitty of project funds, as energy investor Starwood Energy backs its roll out of intelligent storage for commercial venues.
GCL Systems Integration is poised to sink US$24.3 million into new lithium battery factory in China’s Jiangsu province.
Despite its thirteenth quarterly reverse on the spin, Tesla chairman and chief executive Elon Musk predicts Tesla and SolarCity will create an automotive-energy giant worth US$1 trillion.
Gaelectric’s compressed air energy storage project in Northern Ireland gets €8.3 million EU funding to start drilling.
Industry headlines and stats, the approval of US president Barack Obama and even the growing popularity of electric rickshaws have been used to drive home the message that energy storage is a technology for today, not some distant future.
Germany’s market leader for intelligent lithium ion energy storage systems has signed up as the first Technology Partner for the new Energy Storage division of PV Tech Storage’s publisher, Solar Media.