Effective ways of assigning economic value to services provided by aggregated storage systems must be found to progress the use of such technology, according to a technical consultant involved in a recent report assessing Australia’s energy storage landscape.

Production of stationary storage systems has already begun at Tesla’s facilities in Fremont California, while the company’s Gigafactory is “on track” and could even be expanded beyond original plans, company executives said yesterday.

India’s Ministry of New and Renewable Energy (MNRE) has invited expressions of interest (EOI) for energy storage demonstration projects to integrate renewables, recognising that the technology “has the potential to become highly attractive for both grid-connected and off-grid renewable energy applications”.

A research project conducted in partnership between Abu Dhabi’s Masdar Institute of Science and Technology (MIST), an independent university focused on sustainable technology, and Massachusetts Institute of Technology (MIT) will develop an energy storage system using Vanadium Redox Flow Batteries (VRFBs).

Some news in brief from around the world of energy storage this week: One of the big solar inverter players, KACO, has picked out Ideal Power’s patented technology to boost its storage push, Electrovaya has been quick to highlight the positive impact it said it received from purchasing Litarion, an EV fast-charge station could be the first step in a big change for West Australia.

Mercom Capital Group’s second quarter 2015 report into VC funding in the energy storage, smart grid and energy efficiency sectors made for interesting reading for the battery and storage space. As PV Tech Storage noted on 21 July from the report, VC funding almost doubled over the first quarter of the year and the sector saw Arnold Schwarzenegger put his money where his green credentials are, bringing some celebrity investor gloss to the proceedings. PV Tech Storage spoke to Mercom Capital chief Raj Prabhu to delve deeper into the statistics.

GE’s intention to move into the energy storage industry is a further sign that the sector is maturing, a leading analyst has said.

A programme to re-configure New York’s energy networks, including a comprehensive evaluation of energy storage, could provide “valuable lessons” for other parts of the world, according to the New York Battery and Energy Storage Technology consortium (NY BEST).

Reports that a grid operator in France has found battery-based energy storage “too costly” to be used to integrate renewable energy have been criticised by a spokesman for energy storage developer Younicos.

UK energy and climate secretary Amber Rudd has spoken of her excitement of the “fantastic opportunity” posed by combining energy storage solutions with solar PV.