Investment giant Goldman Sachs will invest US$150 billion in renewables by 2025, including energy storage as a key part of this commitment, it has said.

PV Tech Storage spoke to Nancy Pfund of ‘social impact’ investors DBL Partners, among Tesla’s early backers and participants in two of the top five VC fund plays of this year’s third quarter.

Energy storage is likely to be a near future “game changer” for Australia and could make the country the world leader in solar-plus-storage, a new report claims.

Financial activity in the third quarter of this year was slightly flatter than Q2 for smart grid, batteries, energy storage and energy efficiency, but the average deal size grew, according to Mercom Capital Group.

A Silicon Valley-headquartered flow battery maker will provide energy storage for telecommunications networks in China, replacing diesel use in a pilot programme ahead of “wide-scale deployment”.

News in brief: Indian PM Modi visits Tesla and talks solar-plus-storage with Musk; Scottish renewable energy group forms energy storage division; Harvard team developing flow batteries reports findings.

Australia-based flow battery provider Redflow has halved the price of its zinc-bromide battery (ZBM) to the point where the cost of energy produced from its battery drops below the price of energy from the grid.

Battery-based energy storage integration and development company Younicos has launched a power converter unit and a standalone, easily deployable storage solution, with the company describing the move into hardware as a “next logical step”.

Start-ups and established players in energy storage alike will compete for attention at this week’s Solar Power International, which opens today in Anaheim, California.

Swiss-headquartered power and automation specialist ABB is to use its PowerStore technology, involving flywheels with wind and batteries plus solar, to integrate renewable energy and reduce reliance on diesel fuel in two separate micro-grid projects in Africa.