Sydney-based lead-acid energy storage specialist Ecoult has secured AU$4.1 million (US$3.13 million) recoupable funding from the Australian Renewable Energy Agency (ARENA) to develop and commericalise its UltraBattery products.
News in brief: A selection of news highlights from the energy storage sector including a new approach to benefit stacking from Panasonic in Colorado.
The remote microgrid market is maturing regarding technology and financing. Now improved sales and marketing methods are needed to commercialise the huge potential on offer in this burgeoning market segment, writes Thomas Hillig.
Japan-headquartered NGK Insulators is the manufacturer of the NAS sodium sulfur battery, used in grid-scale energy storage systems around the world.
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.
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.
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 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).
Ameresco will build a renewable-powered microgrid at a Marine Corp facility in Parris Island, South Carolina.
