New research predicts the energy storage market in Germany will increase 11-fold in the next five years, with the residential market buoyed by declining feed-in tariffs, high electricity prices and €30 million in subsidies, while the primary reserve market boosts activity within the utilities sector.
Brazil’s energy agency ANEEL has approved the creation of a strategic report on how to integrate energy storage systems into wind and solar applications in the country.
Australia-based renewables firm Windlab and Japan’s Eurus energy have received development approval for a hybrid project comprising 20MW solar, 30MW wind and a 2MW lithium-ion battery storage system in Queensland, Australia.
E.ON Climate & Renewables North America is to build a 10MW battery energy storage facility with a 2MW solar array in collaboration with Arizonan utility Tucson Electric Power (TEP).
Solar Energy Corporation of India (SECI) will soon tender for utility-scale solar-plus-storage projects in the states of Andhra Pradesh and Karnataka.
Commercially viable energy storage has the potential to change the game by solving the energy trilemma. Arshad Saleem, from KIC InnoEnergy, which invests in and supports European sustainable energy, says marrying start-up innovation and big business experience could accelerate the journey to viability.
South Korean corporate industrial holdings company Doosan has acquired Seattle-based 1Energy Systems, which develops the software platform needed to automatically integrate distributed energy resources (DER) into the grid.
US senators have introduced a new Bill for energy storage that brings in investment tax credits (ITC) for both grid-scale and residential energy storage systems, in a bid to open up competitive storage markets.
Energy storage system integrator Advanced Microgrid Solutions (AMS) has secured US$200 million of project finance from Macquarie.
The global grid-connected energy storage project pipeline is forecasted to hit 2GW this year; a 20% increase on the figures for the end of 2015, according to new analysis by IHS.
