Ontario’s successes in creating and fostering a market and industry for energy storage owes a lot to policy makers taking a coherent, long-term view of its entire energy sector, according to a representative of Canada’s only energy storage trade association.
Recharge A/S, an investment fund specialising in renewables, will take a 50.1% stake in a €24 million (US$26.7 million) micro grid on a remote Portuguese island that could prove the validity of such projects as an asset class.
Lithium-ion energy storage manufacturer Leclanché has secured new finance from ACE & Company in Switzerland as it looks to double its revenue.
The potential for integrating energy storage, wind and solar energy in India is to be investigated under a new US-backed study, which will help India design its future grid.
The Solar Energy Corporation of India (SECI) has invited expressions of interest for what may be India’s first utility-scale energy storage project to be combined with a solar and wind hybrid project at Rangreek in the mountainous state of Himachal Pradesh.
Korean firm Kokam has supplied two lithium nickel manganese cobalt (NMC) oxide batteries to utility Korea Electric Power Corporation (KEPCO) for frequency regulation on the South Korean grid.
The Japanese city in which the manufacturing bases of lithium-ion battery makers including Panasonic, Hitachi Maxcell and GS Yuasa are located will play host to the world’s biggest energy storage battery and system testing facility to date.
The US energy storage market grew 243% last year, making 2015 the biggest year of any on record for storage, according to GTM Research.
A hydro power plant in Germany has installed a 3MW lithium-ion battery made by manufacturer ads-tec to perform frequency regulation.
The anticipated growth in stationary energy storage will be dependent on a significant decrease in costs. Florian Mayr and Hannes Beushausen explain how the relative costs of different storage technologies in different applications can be compared and understood as an intial step towards increasing competitiveness.
