Singapore is set to create a US$25 million fund for energy storage, as part of a raft of strategic measures aimed at meeting “significant shifts” in the energy sector, which will also include investment in research for integration of solar and cutting times for grid connection.
India’s growing energy storage industry shares the enthusiasm of its solar counterpart in welcoming the Modi government’s aims and ambitions, according to one industry veteran.
An “enormous” request for proposal (RFPs) put out by the Hawaii Electric Company (HECO) for up to 200MW of energy storage was responded to by more than 60 would-be developers.
One of the U.S.‘s largest investor-owned energy utilities, Consolidated Edison (Con Edison), is planning to spend US$200 million on demand reduction technologies. Con Edison has filed a proposal with the New York Public Utilities Commission for a Brooklyn/Queens Demand Management Program (BQDM) that it hopes can defer the US$1 billion cost of building a new substation and expanding two existing ones.
Energy storage might not be cost effective in Germany as a method of helping the transition to a higher grid penetration of renewable energy, until that penetration level reaches as high as 90%, according to a leading think tank.
A large scale ‘battery park’ has gone online in West Meklenberg, Germany, designed to stabilise grid frequency in an area where a large amount of power generation comes from wind and other renewable energy.
The Australian Energy Storage Council, a new industry representative body has been launched for energy storage in Australia, backed and co-founded by the Australian Solar Council.
Australian solar and energy storage company ZEN Energy has received a AUS$200,000 (US$184,000) grant from local government toward the development and commercialisation of its energy storage technologies.
The Swiss and Chinese power engineering firms ABB and BYD have revealed a collaboration to develop new storage technologies.
An unnamed utility in California is preparing to test a grid storage system and look at the potential value streams it could provide, according to NEC Energy Solutions, which is providing the system.