The Energy Storage Report 2024
Now available to download, covering deployments, technology, policy and finance in the energy storage market
A flywheel-battery hybrid storage system has been installed in Ireland, a system that the companies involved claim is the first of its kind.
The anticipated growth in stationary energy storage will be dependent on a significant decrease in costs. Florian Mayr and Hannes Beushausen explain how the relative costs of different storage technologies in different applications can be compared and understood as an intial step towards increasing competitiveness.
Roundup: EV registrations leaped 68% in 2015, EDF goes to PJM and SolarCity launches solar, storage and heat in integrated offering in Hawaii.
Hawaii has been namechecked as a ‘test bed’ for how grids can migrate to higher levels of PV penetration so often it has become something of a cliché. Stem’s VP for Hawaii operations, Tad Glauthier tells ESN about the projects that are going on, which lessons might be transferable to other regions – and which might not.
Hawaii’s electricity regulator and main utility have recognised that customer-sited distributed energy resources (DERs), including rooftop PV and energy storage, can provide essential grid services and better visbility for network operators, the VP of Stem Inc’s Hawaii operations has told Energy Storage News.
Almost US$700 million of corporate funding went into energy storage in 2015, including US$397 million from venture capital (VC) investment, according to the latest report from Mercom Capital.
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.
US commercial energy storage provider Stem has deployed its first system in Hawaii, for a pilot project that could help the island state’s main utility reach renewable energy goals “better, and at lower cost”.
One UK energy storage company has compared its latest venture to the energy trading markets of California ISO, as it prepares to pay its customers for providing vital grid services through their residential systems.
The recognition by regulators of the need for an enlarged role for energy storage in the UK is a major milestone for the sector, trade associations in the country have said.