British renewables utility Good Energy has launched a corporate bond offer as it looks to plough investment into a diversification strategy focusing on battery storage and EV charging networks.
In less than 10 years, distributed solar-plus-storage systems will reach 27.4GW worldwide and be worth more than US$49.1 billion, with Asia and Western Europe leading the way, a new report from Navigant Research has forecast.
Energy storage has reached a point of commercial viability in the UK according to the chief executive of redT energy, who said the company had now reached “the right price” for an economic proposition.
Power management firm Eaton has landed a multi-year partnership with Manchester City, becoming the football club’s official home energy storage partner in the UK.
A “first of its kind” collaboration between energy storage provider Sonnen and transmission system operator TenneT will integrate solar and batteries into energy networks in Germany using blockchain technology.
Flow battery maker Primus Power was leader of the charts in VC funding in the first quarter of 2017, securing US$32 million from a range of investors, according to Mercom Capital’s latest report.
Developer Anesco has continued to rack up utility-scale storage work after agreeing to retrofit 10 of Ancala Partner’s PV arrays in the UK with battery units.
Clearly, renewable energy is now a viable alternative to traditional generation from a cost perspective. However solar and wind’s penetration of the grid is constrained by ageing infrastructure, high grid connection costs and their intermittent, weather-dependent nature. Scott McGregor looks at how long-duration energy storage on an industrial scale can help.
