News in Brief: Tesla’s Powerpack 2 is installed in a utility-scale project for SCE, Texan utility CPS opens EPC bids for a large-scale solar-plus storage project and Eguana and LG Chem expand their storage partnership.
Project funding for energy storage jumped to US$820 million in 2016 from just US$30 million in 2015, while Sonnen was revealed as the energy storage company to raise the most VC funding this year.
Energy storage has been placed at the heart of the UK’s new industrial strategy as the government attempts to position itself at the forefront of research and innovation in the global market.
Dubai Electricity and Water Authority (DEWA) has signed a cooperation agreement with the renewables arm of major French utility EDF to share expertise and experience in areas including energy storage, renewables, EV chargers and energy system integration.
India’s first grid-scale solar-plus-storage tender from Solar Energy Corporation of India (SECI) has received very strong interest with a total of 13 developers submitting bids.
To date, the vast majority of the entries into the energy storage market have depended on lithium-based battery chemistry, but, the idea that lithium-ion is the technological and economic front-runner in the stationary storage space is a myth that is in dire need of de-bunking, claims Ron Van Dell.
The UK has a pipeline of 2.3GW of commercial and industrial (C&I) and utility scale battery-based energy storage projects, with many developers already looking to ‘stack’ revenues through providing multiple services, a new report has found.
The UK energy storage industry is ready to deliver smart technologies for a clean energy system but requires the government to remove all barriers to deployment, the national Solar Trade Association (STA) has said.
The cost of lithium-ion batteries for energy storage declined 65% in five years between 2010 and 2015, while battery storage’s use for electricity could hit 250GW by 2030, from just 1GW today, according to the International Renewable Energy Agency (IRENA).
What is thought to be India’s first grid-scale energy storage array will be developed and delivered by a joint partnership between system provider AES and Mitsubishi Corporation, it was announced.
