The rise of energy storage will enjoy a similarly meteoric trajectory to that enjoyed by solar PV deployment in the past and could reach 305GWh of installations by 2030, BNEF has predicted.
Panellists at the opening day of Solar and Off-Grid Renewables Southeast Asia event in Bangkok warned that investors who come on board quickest are going to gain a huge advantage as solar-plus-storage starts to become viable at scale.
While energy storage can be considered “critical” to Australia’s transformation to a distributed, low carbon energy mix, a lack of investment and planning for the technology could have negative consequences for the network.
Narada Power, which makes batteries and complete energy storage systems as well as acting as a project system integrator, is establishing a subsidiary for the recycling of lithium-ion batteries.
Australia’s Clean Energy Finance Corporation (CEFC) will help finance the country’s first “unsubsidised large-scale grid-connected battery”, co-located with a wind farm in South Australia.
Schneider Electric and NGK Insulators have reached the conclusion of a memorandum of understanding (MOU) under which both companies will explore global opportunities to jointly market NGK’s NAS (R) battery and Schneider Electric’s inverter (Conext Core XC ES).
An Indian state-owned energy services and energy efficiency company is set to invest in 14MWh of grid-scale storage in Canada through a joint venture (JV) with UK company EnergyPro Limited (EP).
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).
A project demonstrating the integration of energy storage onto grid networks in Hubei, China, will see the first phase of a 10MW / 40MWh project built by Pu Neng, a vanadium flow battery manufacturer.
