Texas-headquarted Mercom Capital Group recently released its Q1 2016 funding and M&A report for energy storage, smart grid and energy efficiency sectors. Mercom’s CEO and co-founder Raj Prabhu discusses the energy storage trends tracked in this quarter with Energy-Storage.News, especially in light of the drop in venture capital funding this quarter.
While the effectiveness of flow batteries in islanded situations is quickly being recognised, on the grid, the cost of providing that storage is still seen as something of an inhibitor to uptake. Andy Colthorpe spoke with the RedT CEO, Scott McGregor, to get his views on how flow batteries can thrive – and why lithium-ion is not the enemy.
Mercom Capital Group’s Q1 2016 report reveals 50% drop in VC funding for battery and storage companies compared to last quarter’s figures.
Roundup: A third of US PV installers offer storage and 26% more could join them this year, China’s BYD signs up with UAE’s Masdar, Sunvault and Aboriginal Power’s ‘self-sustaining’ community project.
PV inverter manufacturer Sungrow is partnering with renewable energy storage system market leader Samsung SDI to perform demonstrative energy storage projects in China.
ABB has signed a memorandum of understanding (MoU) with Chennai-based engineering and research organisation, the Indian Institute of Technology Madras (IITM) to partner on building microgrids and develop R&D in the battery energy storage area.
Industry headlines and stats, the approval of US president Barack Obama and even the growing popularity of electric rickshaws have been used to drive home the message that energy storage is a technology for today, not some distant future.
Saft is doubling its production capacity with a new Chinese facility, UK energy minister Amber Rudd visited Cumulus Energy Storage and Tesla in California, Fluidic Energy to provide smart grids and storage in madagascar
BYD, DNV GL, Tesla, Schneider Electric and SMA Solar are among the names confirmed to attend Solar Media’s Energy Storage 100, a networking event in London celebrating the nascent energy storage industry.
A hybrid off-grid project from renewables firm Energy Developments Limited’s (EDL) including 4MW wind, 1MW solar and a 1MW/250kWh battery system in South Australia has reached financial close.
