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Johnson Controls has sold off its power business, including its design and production of automotive batteries, to focus on management solutions for buildings and HVAC systems for industrial customers.
Deep-cycle energy storage system manufacturer Trojan Battery has been acquired by C&D Technologies, a reserve power equipment vendor.
The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$1.2 trillion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
Transmission system operators in the US have begun making their moves to accommodate energy storage into their wholesale markets, with New England ISO and Southwest Power Pool both making filings in the past month.
Sembcorp will collaborate with Singapore’s Energy Market Authority (EMA) as part of a pilot programme to support the deployment of energy storage in the country.
News in brief from around the world of energy storage.
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.
EDF Energy is to offer its business customers vehicle-to-grid (V2G) chargers in the UK, as well as using them on its own sites, after partnering with charger supplier and technology developer Nuvve.
Quoting an expected doubling in installed PV capacity over the next five years, a partnership between Chinese battery storage system maker BYD and European PV inverter company SMA is targeting the USA market, identifying it - along with Africa - as having “high growth potential” for the pair’s products.
French power giant EDF has acquired a 50% stake in the Togo-focused unit of off-grid renewable energy specialist BBOXX, with EDF adding its financial clout to speed up solar home system deployments and its technical expertise to improve the energy storage offering.
As well as Elon Musk remarking that the company may have had its “best ever quarter” for solar since the SolarCity takeover, Tesla’s energy storage deployments have enjoyed a ramp up, while a fellow exec hinted the stationary battery business is constrained by cell supply.
As Japan’s heavily regulated energy markets continue a process of liberalisation and supposedly increasing consumer choices, utility TEPCO has launched a smart electricity tariff enabled by the capabilities of residential battery storage.
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News in brief from around the world of energy storage.
It’s likely a strong indication of the way the world is adopting renewable energy rapidly that just under a month ago, one of the best-established trade shows for solar in the US featured what seemed like almost as much space dedicated to national and international energy storage companies and technologies, as it did for solar.
Bosch has said its investment in a German energy storage company, just announced today, fits in with a purpose of positioning the engineering giant at the forefront of the emerging ‘digital climate and energy’ industry.
An agreement to buy 75% of Korean battery manufacturer Kokam gives SolarEdge a level of vertical integration that could make the PV company a ‘one-stop-shop’ for customers, while SolarEdge could diversify into areas outside solar energy.