What is thought to be the largest operating containerised vanadium redox flow machine system in the UK has been connected to the grid by manufacturer redT energy, with the 1MWh project becoming the first to sign up to a local energy market being set up by British multinational utility Centrica.
Home battery storage company Moixa is to expand its GridShare aggregation platform to include third party units for the first time after securing over a quarter of a million pounds from the UK government.
Sunrun CEO Lynn Jurich has said that using behind-the-meter systems to provide grid services could be “extremely valuable in certain targeted ways” as the company rolls out energy storage systems into key regional markets.
Calmac, a provider of ice-creating thermal energy storage systems – and ice rinks – has been bought out by a subsidiary of major US manufacturer Ingersoll Rand.
The US national Energy Storage Association (ESA) has advocated that the nation should aim to deploy 35GW of energy storage by 2025, claiming it could result in US$4bn of network cost savings and generate 167,000 jobs.
While decreases in costs continue to make energy storage more and more competitive, financial advisory and asset management firm Lazard has highlighted just how variable project economics can be, citing examples of US projects with 9%, 11% and 21% IRR (internal rate of return).
Siemens has continued to bolster its UK presence with a new partnership with Grid Battery Storage Limited (GBSL) which will see a 22MW portfolio of four projects built and an ‘energy storage as a service’ offering launched.
Tesla has reported a significant year-on-year increase in business for its stationary energy storage systems, but more attention has been focused on delays in Model 3 deliveries and a decline in solar installs.
