Energy storage in the US is being propelled forward by falling costs and increasingly favourable markets and policy. But for the full value of storage to be realised, numerous regulatory and fiscal barriers must still be surmounted, writes Matt Roberts.
A drive aimed at reducing the soft costs of distributed energy storage systems by the New York State Energy Research and Development Authority (NYSERDA) could award over US$8 million of funding.
A plan by utility Con Edison to save US$1 billion on infrastructure spending in New York’s Brooklyn and Queens neighbourhoods will get 13MWh of energy storage from Green Charge.
Car manufacturer Nissan has debuted its new vehicle-to-grid chargers at its R&D facility in Cranfield, UK, six months after originally announcing them.
Third parties and utilities will finance around 84% of the market for grid-tied stationary battery energy storage by 2025, according to a report from Navigant Research.
Battery manufacturer and developer NEC Energy Solutions is to supply Southern California Edison (SCE) with its first grid energy storage pilot system under a procurement programme established last year.
The long-awaited call for evidence on UK energy storage and smart power policy, giving stakeholders the chance to put forward their views to government, will be released within the next couple of weeks according to the head of smart energy at the Department of Business, Energy and Industrial Strategy (BEIS).
US-Canadian energy storage project developer Convergent Energy and Power has secured third-party project financing for 12MW of energy storage projects in Canada that will provide grid services.
Tesla-SolarCity could become an energy equivalent to an Uber or AirBnB, with a merger between the two creating “an integrated sustainable energy company, which does not own any centralised generation assets”, one expert has commented.
Swiss Green Electricity Management Group (SGEM), an investor in energy storage projects, has announced a 20MW / 10MWh battery storage system for PJM Interconnection’s frequency regulation market, to be supplied and built by Leclanché.
