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.
The California Public Utilities Commission (CPUC) has reformed the Self-Generation Incentive Programme (SGIP) that finances the installation of distributed generation technologies, to now benefit long-duration technologies that previously missed out on the incentive, through the extended US$83 million a year for behind-the-meter storage.
The World Bank’s groundbreaking US$1 billion loan for Indian solar will partly focus on improving transmission for solar parks and innovation in wind and energy storage hybrids, according to a senior government official.
Powin Energy has been awarded a patent for battery operating system, Viridity Transport secured a patent for tranpsort-based energy storage software, Kreisel releases new home battery Mavero.
Battery manufacturer Saft has delivered 80 of its Uptimax nickel battery systems to provide backup power at an E.ON wind farm in the North Sea.
The United Kingdom’s decision by referendum last week to exit the European Union has been received negatively by one of the few commentators prepared to go on record with a UK industry view.
The future for Tesla-SolarCity could lie in aggregating rooftop PV with stationary energy storage, EVs and other distributed energy resources, the head of energy storage market analysis at Bloomberg New Energy Finance (BNEF) has said.
