Sydney-based lead-acid energy storage specialist Ecoult has secured AU$4.1 million (US$3.13 million) recoupable funding from the Australian Renewable Energy Agency (ARENA) to develop and commericalise its UltraBattery products.
There is a significant opportunity for energy storage under the Trump administration, the US Energy Storage Association has said.
Financial services giant Morgan Stanley has anticipated that the US energy storage market will grow faster than current consensus expectations, while Deloitte has earmarked the technology for exponential growth – although not perhaps this year.
Listed funds in the UK which own a significant portion of the country’s utility-scale solar PV assets are not currently convinced by battery storage’s feasibility, but remain primed to deploy the technology at scale when the time is right.
Energy storage solutions and software company Greensmith Energy announced Tuesday that Oncor Electric Delivery has appointed Greensmith as the software provider for its microgrid facility in Dallas.
Solar PV paired with energy storage at scale could be provided to utilities at just US$0.10 per kilowatt hour, using advanced battery technology, one manufacturer has claimed.
News in brief: A selection of news highlights from the energy storage sector including a new approach to benefit stacking from Panasonic in Colorado.
The remote microgrid market is maturing regarding technology and financing. Now improved sales and marketing methods are needed to commercialise the huge potential on offer in this burgeoning market segment, writes Thomas Hillig.
Industry insiders have criticised a lack of encouragement for green energy projects after battery storage won just over 10MW of combined capacity in the latest capacity market auction, well down on the success enjoyed by the technology in December’s T-4 bidding process.
