Venture capital (VC) funding for battery and energy storage companies totalled US$126 million in the second quarter of this year, almost doubling Q1’s US$69 million total raised, according to a report from Mercom Capital Group.
At a recent London event hosted by UK storage manufacturer Moixa Technology, academic Jonathan Radcliffe of the University of Birmingham talks through some of the benefits – and barriers – to storage in the UK, as well as the wider implications for adding flexibility to electricity networks with batteries and related technologies.
Terraform Power, the renewable energy investment vehicle launched by SunEdison, the world’s biggest cleantech developer at present, is set to make its first acquisition in energy storage, SunEdison announced yesterday.
Energy storage can become a “significant” component for future balancing of the UK National Grid, but must overcome policy challenges if it is to realise its potential.
Some news in brief from around the world of energy storage this week: Dutch grid-balancing act heralds AES’ first Europe installation, Japanese PV inverter company Tabuchi makes bid to become household name in US solar-plus-storage and Solar Impulse takes unscheduled break from spreading clean energy message.
There is “still an argument to be had” over the best use of storage solutions in the UK markets, with pure storage or back-up capabilities two possible options according to LG Solar head of UK sales Bob Mills.
Battery manufacturer BYD’s deal to supply up to five electric double-decker buses for London is a “big win” for the company but not enough for them to start discussions on a European base, according to Lux Research’s Lilia Xie.
Energy storage technology is now used in 44% of US microgrids with 92% of that storage commissioned since 2012, according to GTM Research’s latest report.
Andy Colthorpe spoke to Energy Storage Association (ESA) executive director Matt Roberts a few weeks ago, shortly after the group’s annual conference in Dallas, Texas. Based in Washington, the organisation’s activities include advising on policy at regulatory and state level as well as encouraging technologists and researchers to share knowledge.
Andy Colthorpe spoke to Energy Storage Association (ESA) executive director Matt Roberts a few weeks ago, shortly after the group’s annual conference in Dallas, Texas. Based in Washington, the organisation’s activities include advising on policy at regulatory and state level as well as encouraging technologists and researchers to share knowledge.
