Coal retirements, liberalised energy markets and declining costs continue to improve the business case for energy storage in Australia, but the coronavirus pandemic is among factors creating uncertainties and risks, new research has found.
“This next phase we’ve entered is a large number of projects in a lot of places,” Fluence VP for marketing and strategy, Brian Perusse, tells Energy-Storage.news.
Industry commentators have expressed shock and surprise that NEC Corporation’s Energy Solutions business has been wound down, while an analyst said the reasons for the energy storage system integrator’s demise are likely to go back further than the COVID-19 pandemic.
Itochu, a major Japanese corporation which has sold over 330MWh of residential battery storage systems in its home market, has invested ¥1 billion (US$9.35 million) in TRENDE, a renewable energy retailer which counts utility company Tokyo Electric Power among its major shareholders, with a view to launching a range of renewable energy and storage-enabled services.
Energy storage technology provider Fluence has launched its latest systems aimed at three market segments and – according to new CEO Manuel Perez Dubuc – aimed at creating an inflection point in the global transition to low carbon energy.
A project to create performance standards for residential and small-scale commercial battery energy storage systems in Australia has been completed, with project leader DNV GL raising hopes that the rules can inform the global market too.
NEC’s Energy Solutions division, which has been responsible for NEC Corporation’s activities in the battery energy storage industry, is “going out of business” according to a report by Bloomberg.
Tesla’s just-released sustainability report for 2019 asserts the belief that “the notion that a sustainable future is not economically feasible is no longer valid”.
