Blockchain technology is being touted as the next big step forward in the digitalisation of the energy system. But storage and storage management software are the critical pieces of the puzzle needed to maximise its potential, writes Carsten Reincke-Collon of Younicos.
Energy storage in the state of South Australia has continued its prolific pace of development with the announcement of two new grid-scale projects and a sizeable commercial and industrial (C&I) installation.
Members of the public in South Australia are being given the chance to participate in creating the biggest ‘virtual power plant’ of solar PV and batteries the world has ever seen.
Chinese electronics and engineering company Huawei, which also manufacturers inverters for solar PV systems, is starting the supply of its FusionHome Smart Energy Solution, providing solar-plus-storage capabilities to the Australian residential market during the first quarter of 2018.
Japanese trading house Itochu has invested £5 million (US$7.04 million) into UK-based energy storage and related services provider Moixa, which will enable Itochu to add Moixa’s ‘GridShare’ aggregation platform to its own suite of battery storage solutions.
VC funding for energy storage projects increased significantly, while debt and public market financing remained “steady” during 2017, Mercom Capital has found.
The start of construction on India’s largest energy storage project is not only of strategic importance to regulators, but could also drive another wave of utility-scale projects in India, the chief of the country’s storage Alliance has said.
