Research firm IHS recently reported that as of the end of 2015, there was a global pipeline of 1.6GW of battery or flywheel-based grid storage projects in place. Andy Colthorpe spoke to principal analyst Marianne Boust, who explained why last year truly saw a “change in stakeholder mentality” in favour of energy storage and why 2016 will be another record-breaking year.
Workable alternatives to utility power involving energy storage are beginning to emerge with new and innovative business models, according to an investment advisor who worked on Younicos’ recent US$50 million “land grab”.
Building control manufacturer Johnson Controls, a recent entrant to the energy storage market, has announced a US$20 billion takeover of security and fire protection firm Tyco as it looks to consolidate its offering in the smart building sector.
A joint statement on economic and social cooperation between the governments of India and France has “noted the important role of energy storage to promote renewable energies”.
Although Britain’s government has cut support for renewable energy severely in the past few months, controversially claiming a need to balance the transition away from fossil fuels against the cost to consumers, energy storage may face less of a challenge at the top level, according speakers at a conference in London.
Misconceptions over the true value of energy storage are developing because of a “narrow focus” on the initial costs of the technology, a report has concluded.
As residential storage solutions fast become a staple of energy companies’ product portfolios, many in the market are addressing the growing conundrum of how to sell storage solutions to the residential customer, writes Daniel Roca of Panasonic Eco Solutions Europe.
The US Department of Energy is to fund six projects trialling the combination of solar and energy storage.
News in brief: Nissan commits to longer range EV batteries from UK plant, a first in energy storage financing for Green Charge, American Vanadium plans acquisition of Gildemeister, Ceres and Honda developing solid oxide fuel cell stacks for power equipment.
SMA is aiming to tackle the market for retrofitting energy storage systems in to existing home PV installations, with a new AC-coupled version of its Sunny Boy inverter suitable for high voltage batteries.
