Six companies in Britain have been awarded places on a new energy storage framework to provide public sector bodies with a model for implementing behind-the-meter (BTM) projects.
California’s Governor Jerry Brown has passed the state’s 2045 zero-carbon electricity target into law, offering a major boost to the energy storage sector in the process.
Sweden’s first commercial wind power developer Eolus has entered the US solar-plus-storage market, announcing the acquisition of a mega-project currently in development.
A route to market for residential flexibility resources to access grid balancing revenue streams could save individual households in Britain more than £200 (US$260.90) each, according to a new study.
US-based energy storage technology provider Powin Energy has claimed it has a pipeline close to 500MWh of projects under contract, including recent awards totalling 70MWh for customers in North and Central America and in Italy.
Tesla’s former EMEA vice-present has taken on an advisory role for Solo Energy as the company seeks to build out its vision of a virtual power plant driven by residential and commercial battery systems.
Macquarie Capital Korea, a subsidiary of investment firm Macquarie Group, has signed a memorandum of understanding (MoU) with the county office of Goesan in South Korea to finance a significant solar-plus-storage project, while it has also invested in what is said to be the largest energy storage project base in the country.
The Australian state of Victoria has been given a “taste of what’s possible” with the launch of utility Origin Energy’s first virtual power plant (VPP) project to date.
The US deployed 42% megawatts more energy storage in the second quarter of this year than in the first, with residential installations overtaking utility deployments for the first time.
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.
