Solar entrepreneur and financier Jigar Shah probably requires little introduction. The SunEdison founder and former CEO is now president at Generate Capital, a project financing venture for sustainable infrastructure investment. Shah spoke with Andy Colthorpe about Generate Capital’s latest solar-plus-storage projects for a school district in California, as well as sharing his thoughts on the economics of energy storage today.
A test and demonstration facility operated by South Africa’s main utility Eskom will trial Primus Power’s flow batteries, after a local developer was awarded a grant for the project by the US Trade and Development Agency (USTDA).
Fernhill Corporation, a Nevada-headquartered company that invests in and acquires companies for “long-term sustainable cash flow”, has applied to patent a hybrid capacitor-battery energy storage system.
Legislation recently introduced in California to cut red tape and reduce permitting times for energy storage systems and currently awaiting the state Governor’s rubber stamp could also halve the costs associated with paperwork, commercial system provider Stem has said.
While lithium-ion is rapidly racing ahead to become the “de facto grid storage solution” and is the most popular technology choice by far, vendors of other types of batteries are also targeting the market, with varying degrees of success.
With grid-connected energy storage a relatively new technology, stakeholders are yet to fully understand many of the risks and business opportunities it presents, DNV GL’s Dr Martijn Huibers has said.
China-based technology giant BYD has installed the first of its residential high-voltage B-Box energy storage systems in Germany and is aiming to launch the system into the US later this year.
Jigar Shah has said that the addition of backup power helped persuade a California school district to add energy storage as well as going solar and that adding batteries can help “decision makers” see the true value of PV.
General Electric (GE) is developing Mexico’s first ever grid-scale energy storage projects to aid with the integration of wind and solar into electricity networks.
The value of a front-of-meter battery energy storage system in California could be doubled or even trebled, by adding more than one revenue stream to the project, a new report says.
