Electric vehicle manufacturer Tesla has revealed that its home battery storage products will be available “fairly soon”.

EOS Energy Storage has placed an order totalling more than 1MW from NASDAQ-listed power converter specialist Ideal Power, while both companies have launched new products since the start of the year.

For decades Australia has been at the forefront in deploying renewable energy, coupled with energy storage solutions, in off grid and fringe of grid areas across remote Australia.  Many communities have transitioned away from polluting and expensive diesel generators and now use reliable and sustainable renewable energy and energy storage solutions.  But it is only now that the full impact of lower energy storage costs are becoming clear, writes John Grimes of the Australian Energy Storage Council.

The head of a company selected by the UK government to deploy residential energy storage under a pilot scheme believes that his network of installers could deploy 10,000 units, equivalent to 30MWh of storage per month.

The UK’s minister for energy has said that her government is not planning any framework of incentives for energy storage, but said nonetheless that public funds can help “bridge the gap” between ideas and commercialisation.

E.ON, the German utility giant with 61GW of generation assets, has announced plans to split its business in two. The company will stake its future on renewables in a major restructuring, spinning off its conventional power generation business, in part as a response to the growth in distributed generation. Cosmin Laslau of Lux Research digs deeper.

This year will be the one when “PV energy storage systems (PVESS) make an enormous leap toward wide-scale adoption”, according to research firm IHS.

Investment bank Citigroup is predicting a 240GW global battery storage market worth US$400 billion by 2030 as increased deployment creates a “virtuous circle” of falling costs.

Energy storage and battery companies netted US$418 million in funding, while a further US$232 million changed hands in mergers and acquisitions (M&A) of battery or storage companies during 2014, according to a new report from Mercom Capital.

Will the Indian battery market scenario witness a major change? As the power supply in the country continues to be unreliable, the role of batteries has to change from being an emergency back-up solution to a long time power/energy storage solution.