Investment into the Ontario market for commercial energy storage has received another big boost, with US energy storage provider Stem Inc announcing today a significant cash injection from the Ontario Teachers’ Pension Plan group.
Currently attracting developers and investment alike, the opportunity to reduce energy costs for businesses in Ontario has led to an agreement for another 42MWh of energy storage from project developer NRStor and solutions provider IHI Inc.
Redox flow energy storage systems, earmarked by Navigant Research to be one of the fastest growing electrochemical storage technology sets over the next decade, are being deployed in recent or upcoming projects by Cellcube Energy Storage Systems and Redflow.
Enel X, the innovation and digitalisation arm of European utility Enel, is following up an initial 1MWh commercial and industrial (C&I) energy storage project in Ontario, Canada, with a significantly scaled-up second project.
Hawaii’s KIUC, the top-ranked US utility in 2017 for energy storage deployment per customer by SEPA (Smart Electric Power Alliance), will pay less than US$0.11 per kWh for power from a new solar-plus-storage facility.
Vistra Energy has contracted energy storage integrator FlexGen to install a 10MW / 42MWh energy storage system (ESS) at the 180MW Upton 2 Solar Power Plant in Texas.
PV manufacturers Hanwha Q Cells and Sunpower have both signed deals to bring home energy storage to residential solar customers in Europe and in the US respectively.
Xcel Energy has filed a plan which would retire two coal plants, add significant capacities of renewables and gas – and deploy 275MW specifically in combination with PV.
