The amount of energy storage investment that came from VC (venture capital) funding more than doubled in the first half of 2017 compared to last year, a new report has found.
British infrastructure investment company Foresight Group has made its second acquisition of a UK battery storage project, taking on the 10MW Nevendon battery from Gridserve and Aura Power.
The British government Department for Business, Energy and Industrial Strategy (BEIS) and energy regulator Ofgem have today released plans for a major upgrade of the UK’s energy system, while a separate huge funding opportunity for battery innovation has been broadly welcomed by industry.
On the back of rapidly decreasing costs for energy storage and solar photovoltaics (PV), consumers wishing to achieve a low-cost and reliable supply of power are considering grid defection—or at least, partial grid-defection—as an increasingly attractive alternative. Julian Jansen, analyst at IHS looks at the economics of grid defection in Europe today and in the future – and how its proliferation could impact the energy industry as a whole.
British government minister Greg Clark today unveiled the first phase of a £246 million (US$320 million) investment in battery technology with the launch of the Faraday Challenge, designed to boost research and development and position the UK at the forefront of energy storage.
A code of practice for installing and selling electrical energy storage systems for the UK consumer market could help fill a “vacuum” of clear guidance for installers and their customers, Sonnen’s UK chief has said.
In Europe the number of e-buses in circulation is far smaller than in China, which accounts for 98% of the world’s fleets. However, the market is entering a period of rapid growth. This comes with significant challenges for batteries, Anil Srivastava of Leclanché writes.
National Grid has reduced its forecasts for electricity storage capacity in the UK down to just 10.7GW by 2050 in the most ambitious scenario set out within its future projections for the energy sector.
UK storage developer Green Hedge has secured £30 million of investment from infrastructure investor Zouk Capital to help it chase further battery developments.
Following the wishes of its customers, Germany-headquartered PV firm IBC Solar has launched a new package that helps partners in 30 countries with the planning, installation and maintenance of its lithium-ion energy storage solutions.
