While decreases in costs continue to make energy storage more and more competitive, financial advisory and asset management firm Lazard has highlighted just how variable project economics can be, citing examples of US projects with 9%, 11% and 21% IRR (internal rate of return).
Tesla has reported a significant year-on-year increase in business for its stationary energy storage systems, but more attention has been focused on delays in Model 3 deliveries and a decline in solar installs.
Duke Energy is planning to develop and install battery storage materials and PV panels that will serve as part of a microgrid system at the Indiana National Guard’s Camp Atterbury in Johnson County, Indiana.
Oregon-based utility company Portland General Electric intends to spend between US$50 million to100 million on around 39MW of energy storage, company executives have revealed.
Having been subject to discussion for years within the academic sphere, energy storage projects have become a topic of high interest to energy sector focused investors in recent years. Philipp Lobnig of E-nable+, an online platform connecting energy projects with investors, offers his views on the key questions these investors should be asking.
A large-scale solar-plus-storage project on the Hawaiian island of Kaua’i will be built using SunPower’s scalable Oasis Power Plant platform after the PV technology provider was chosen by AES Distributed Energy.
The amount of VC funding invested in battery energy storage companies in the first nine months of this year has more than doubled from the equivalent period of 2016, according to a report from Mercom Capital.
