Case study: Blockchain technology is being put to the test in northern Europe, writes Jean-Baptiste Cornefert of Sonnen.

Carsten Reincke-Collon of Younicos continues his look at the potential – and limitations – of using blockchain in the energy system. This second part covers how energy storage and storage management software could be the key to the ‘puzzle’.

The European Investment Bank (EIB) has approved a loan request from Northvolt that will see the bank provide a financing facility of up to US$64.8 million to support Northvolt’s pilot demonstration facility.

Blockchain technology is being touted as the next big step forward in the digitalisation of the energy system. But storage and storage management software are the critical pieces of the puzzle needed to maximise its potential, writes Carsten Reincke-Collon of Younicos.

News in brief from around the world of energy storage.

Tesla reported another major decline in its residential solar installations for the fourth quarter of 2017, while a supply shortage for its residential energy storage system ‘Powerwall 2’ has created a customer backlog of solar and storage installs of more than one year.

London-headquartered oil and gas company BP has announced plans to invest US$500 million (£358.5 million) in low carbon businesses each year as it looks to further embrace the low carbon transition.

The Indian Budget has seen a hike in customs duty for lithium-ion batteries from 10% to 20%.

Energy storage in the state of South Australia has continued its prolific pace of development with the announcement of two new grid-scale projects and a sizeable commercial and industrial (C&I) installation.

Innovations in new distributed energy technologies are challenging conventional thinking around the most effective ways to serve electricity customers and utilise grid infrastructure. Alex Eller of Navigant Research looks at how one of the most significant expenses for electric utilities, maintaining and upgrading transmission and distribution (T&D) networks could be undercut using non-wires alternatives – including energy storage.