Johnson Controls has sold off its power business, including its design and production of automotive batteries, to focus on management solutions for buildings and HVAC systems for industrial customers.
The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
Quoting an expected doubling in installed PV capacity over the next five years, a partnership between Chinese battery storage system maker BYD and European PV inverter company SMA is targeting the USA market, identifying it – along with Africa – as having “high growth potential” for the pair’s products.
French power giant EDF has acquired a 50% stake in the Togo-focused unit of off-grid renewable energy specialist BBOXX, with EDF adding its financial clout to speed up solar home system deployments and its technical expertise to improve the energy storage offering.
‘Energy resilient infrastructure upgrades’ planned for a US military facility will involve the deployment of 20MW of solar PV, 4MW / 8MWh of battery storage and 4MW of gas-fired backup generation in a project worth US$133.5 million.
Solar & Storage Live 2018, the trade exhibition organised by Energy-Storage.news’ & PV Tech’s publisher Solar Media, opens its doors in a week’s time, with around 4,000 pre-registered visitors expected to flock to the NEC, Birmingham, England. Here’s why this year’s event is not to be missed.
