Financial services giant Morgan Stanley has anticipated that the US energy storage market will grow faster than current consensus expectations, while Deloitte has earmarked the technology for exponential growth – although not perhaps this year.
A corporate venture fund set up by oil and gas company Statoil has invested in North American energy storage developer Convergent Energy + Power.
From the outside, the VPP looks like a single power production facility that publishes one schedule of operation and can be optimised from a single remote site. From the inside, the VPP can combine a rich diversity of independent resources into a network via the sophisticated planning, scheduling, and bidding of DER-based services. Peter Asmus examines the role energy storage can play within this architecture.
Canadian manufacturer Sentinel Solar has announced a ‘plug-and-play’ energy storage system, the AHI Wave ESS, for residential use.
