The average global cost of installing residential energy storage systems will fall from US$1,600 per kWh in 2015, to US$250 per kWh by 2040, according to the latest Bloomberg New Energy Finance (BNEF) report.
Makers of flow batteries have redoubled their efforts to make the technology the leading choice for utility-scale storage applications, with one installing the largest such system to date in Europe and North America just a few days ago.
John Grimes of Australia’s Energy Storage Council reports back from a recent visit to China, where he took a look at the processes and state of play of some of the country’s battery manufacturers.
While debates over renewable energy targets continue to rage at the political level in Australia, Panasonic has signed a deal with three utility companies to pair its energy storage systems with rooftop solar.
A renewable energy and energy efficiency consultancy, IT Power (ITP), will use funding from the Australian Renewable Energy Agency (ARENA) to trial the effectiveness of six brands of lithium-ion batteries for enhancing grids and increasing the deployment of renewable energies.
France’s government has launched a tender for 50MW of projects combining solar power with energy storage systems on Corsica and its overseas islands territories.
Tesla’s grand entrance to the stationary storage market has been (largely) welcomed but question marks remain over the company’s business model. Andy Colthorpe gauges the latest reaction and explores the options facing Elon Musk.
More details have emerged on inverters for Tesla’s new home battery system, to be made by Fronius and SolarEdge, while the EV-maker’s energy storage will be installed at demonstration and commercial projects for US utility Edison International.
Tesla’s Powerwall home energy storage system will join the US market at a “remarkably low price”, according to one analyst PV Tech has spoken to following the announcement from Silicon Valley last night.
Energy storage start-up Stem says it sees “strong opportunity” for expansion of its business in Australia, Japan and the EU, in the week when the company closed a US$12 million funding round led by Japanese trading company Mitsui & Co.
An energy storage project aimed at enabling the grid integration of 1MW of solar and 4.5MW of wind on the Portuguese island of Graciosa will be supplied with batteries by Leclanché.
Sonnenbatterie, considered to be one of the market leaders in Germany’s emerging solar-plus-storage sector, claims the new version of its Sonnenbatterie Eco battery storage system has as much as double the potential lifespan of previous models.
Australian prime minister Tony Abbott is like King Canute, standing on the shore commanding the tide of renewable energy and energy storage not to come in. But no matter how much he rails against the future, this prime minister is way too late to stop the tide of progress. A…
PV Tech Storage interviews John Jung of Greensmith, an energy storage system and software provider which claims to have been involved with one third of all storage deployed in the US last year. Jung discusses ‘killer apps’, opening up new business models in new markets, software and battery agnosticism.
Solar power systems serving an oilfield in Qatar will be fitted with utility-scale energy storage batteries, helping to ensure the continuity of operations at 775 oil wells.
Energy storage is likely to be worth “tens of billion dollars in the next five to 10 years” across a number of global regions, according to executives at solar microinverter firm Enphase.
An ‘electricity trading’ scheme to be launched by Reposit Power in Australia for residential energy storage system owners has been described by an analyst as “one of the most interesting examples” of software as a differentiator in the energy storage marketplace.
Two providers of large-scale battery systems for energy storage have announced expansion plans this month, with Vizn Energy opening new headquarters in Texas, and Younicos forming three separate new business units to address “rapid growth” in the market.
For decades Australia has been at the forefront in deploying renewable energy, coupled with energy storage solutions, in off grid and fringe of grid areas across remote Australia. Many communities have transitioned away from polluting and expensive diesel generators and now use reliable and sustainable renewable energy and energy storage…
Mining giant Glencore has taken delivery of a lithium-ion energy storage system at a nickel mining complex in Canada, to be used to lower diesel costs and integrate power from wind turbines.
Integrated US photovoltaic energy company SunPower’s solar panels will be sold as part of a package that includes energy management software and energy storage capabilities to residential customers in the US and Australia from early next year.
The Australian government’s renewable energy division will trial the capabilities of on-grid energy storage to maximise the value of rooftop solar, announcing yesterday that it will provide funding for a trial by energy storage specialist Reposit Power.
German storage system manufacturer Sonnenbatterie, which announced this week the close of a US$10 million equity funding round, said it sees “high growth potential” for its products in Australia, the UK and Italy.
The market for residential solar paired with energy storage will grow tenfold by 2018, despite the relative failure of deployment to “live up to hype”, according to a new report from analysis firm IHS.
The Australian Renewable Energy Agency (ARENA), has given utility company AGL Energy (AGL) the task of examining the business case for grid-connected energy storage in South Australia, with AGL to receive AUS$445,000 (US$390,000) of funding.
Solar microinverter specialist Enphase has announced its first move into energy storage, launching an energy management system which includes an AC battery, at the Solar Power International show in Las Vegas this week.
A ‘double zero energy’ home with energy storage and solar PV systems has been launched in the US, as a result of the partnership between solar manufacturer and developer SunPower and homebuilder KB Home.
The Australian Energy Storage Council, a new industry representative body has been launched for energy storage in Australia, backed and co-founded by the Australian Solar Council.
Australian solar and energy storage company ZEN Energy has received a AUS$200,000 (US$184,000) grant from local government toward the development and commercialisation of its energy storage technologies.
An antenna tower in Australia serving a broadcaster will be the site of a solar-plus-storage project funded by the German government and designed to deliver power 24 hours a day.
AU Optronics (AUO) is to launch its residential and commercial energy storage system, Powerlegato, into the European, Japanese and Australian markets on the back of receiving the necessary certification.
SunPower Corporation has become the latest US solar provider to pilot the deployment of residential storage systems in California by extending the terms of an existing partnership with homebuilding company KB Homes to include storage.
Sunverge, a California-based provider of distributed energy storage and control systems, has closed a US$15 million funding round that it said would support its expansion.