US senators have introduced a new Bill for energy storage that brings in investment tax credits (ITC) for both grid-scale and residential energy storage systems, in a bid to open up competitive storage markets.

German energy storage hardware and services provider sonnen has launched a new product for the commercial energy storage market using power conversion systems from Ideal Power.

The global grid-connected energy storage project pipeline is forecasted to hit 2GW this year; a 20% increase on the figures for the end of 2015, according to new analysis by IHS.

Elon Musk’s electric vehicle and energy storage firm is poised for another major initiative after the founder announced that he is working on a “Tesla Masterplan, Part 2.”

German energy storage hardware and services provider Sonnen has released a new residential solar battery system including self-learning software and grid-tied functions achieving costs of US$1700/kWh, according to an industry analyst

Automotive giant Nissan and power electronics and engineering group Eaton have installed an energy storage system at a data centre run by IT and cloud computing firm Webaxys in Normandy, France.

The World Bank’s groundbreaking US$1 billion loan for Indian solar will partly focus on improving transmission for solar parks and innovation in wind and energy storage hybrids, according to a senior government official.

Powin Energy has been awarded a patent for battery operating system, Viridity Transport secured a patent for tranpsort-based energy storage software, Kreisel releases new home battery Mavero.

Battery manufacturer Saft has delivered 80 of its Uptimax nickel battery systems to provide backup power at an E.ON wind farm in the North Sea.

The United Kingdom’s decision by referendum last week to exit the European Union has been received negatively by one of the few commentators prepared to go on record with a UK industry view.