JLM Energy, a US maker of residential ’microstorage’ systems that pair with individual solar panels, is leaning on its US$25 million project finance fund to develop larger storage projects for commercial businesses.
Axiom Exergy, a US manufacturer of energy storage units that use stored energy for cooling buildings and produce, has netted close to US$8 million from investors including Shell’s venture capital unit and Tesla battery guru JB Straubel.
Hawaii’s position as one of the leading US states for energy storage deployment shows no sign of weakening as Hawaiian Electric Co last week announced 120MW of new battery storage across two projects in Oahu.
Solar Media, the publisher of sites including Energy-Storage.News and PV Tech, has just launched the latest edition of the annual Global Energy Storage Opportunity report for this year – available now as a free download.
Convergent Energy + Power, a US-Canadian project developer which has attracted investment from the venture capital arm of Statoil, has acquired 40MW of flywheel energy storage already in operation in grid-balancing markets in New York State and Pennsylvania.
The US government Department of Energy is funding research into storing energy for periods of between 10 and 100 hours, announcing last week that “up to US$30 million” will be available through the Advanced Research Projects Agency-Energy (ARPA-E).
Virtual power plants (VPPs) can greatly increase the value of home energy storage systems for a range of stakeholders including grid operators, utilities and their customers, according to SolarEdge, which has just launched a VPP software platform.
There will be no benefit to basing home energy storage systems on automotive batteries, in the medium or long term, a representative of Mercedes-Benz Energy has said.
Intersolar Managing Director Dr. Florian Wessendorf and NAATBatt International Executive Director James Greenberger have collaborated to forecast top trends that are expected to dominate the ees North America show floor this year.
Battery storage is a “necessity” for Hawaii to reach its 100% renewable energy by 2045 target, leading to electric cooperative KIUC becoming the top-ranked US utility for watts of energy storage deployed per customer in 2017.
