Between CA$1.5 billion (US$1.12 billion) and $4 billion in electricity system cost savings could be achieved by Ontario’s Independent Electricity System Operator (IESO) by installing 1,000MW of energy storage by 2030, according to a new study commissioned by Energy Storage Canada.
Funding into battery storage companies fell dramatically in the first half of 2020 compared to last year’s equivalent period, according to the latest reporting from Mercom Capital.
UK-headquartered distributed energy services provider Kiwi Power has made its first official expansion into the US, operating in the ERCOT market of Texas and planning a further step into the PJM Interconnection service area.
The US utility-scale energy storage market is projected to maintain its position as the world’s largest and fastest-growing in the coming years, according to a new report from Guidehouse Insights.
FERC Order 841 looks set to allow distributed storage to participate in wholesale markets in the US. Energy-Storage.news has collected a wide range of reactions and views from industry participants on what it means.
The reuse of electric vehicle (EV) batteries in stationary storage systems offers great possibilities, but investors still need to gain confidence in the ‘second life’ battery concept, the CEO of a company behind a new project in England has said.
A new project is underway in the US to tear down a significant barrier for “realising the full benefits” of energy storage: the complexity and lack of clarity over interconnection rules across the country.
