The Energy Storage Report 2024
Now available to download, covering deployments, technology, policy and finance in the energy storage market
Energy storage start-up Stem says it sees “strong opportunity” for expansion of its business in Australia, Japan and the EU, in the week when the company closed a US$12 million funding round led by Japanese trading company Mitsui & Co.
Sonnenbatterie, considered to be one of the market leaders in Germany’s emerging solar-plus-storage sector, claims the new version of its Sonnenbatterie Eco battery storage system has as much as double the potential lifespan of previous models.
Just 3–4% of electricity generated by utilities globally is stored today, according to the International Energy Agency. This is despite the fact that storage can help overcome the energy ‘trilemma’ of curbing rising energy prices, the need to ensure the security of supply and creating a low carbon economy. So, what’s the hold-up? Taking the UK as his starting point but with lessons transferrable to other regions, Roger Lin of NEC Energy Solutions explains and counters some of the myths that stand in its way.
Sunverge, a California-based provider of distributed energy storage and control systems, has closed a US$15 million funding round that it said would support its expansion.