Based on the value it provides to grids as shares of renewable energy grow, energy storage is a “very exciting market,” the VP of Goldman Sachs Renewable Power has said.
Global cleantech firm Pacific Green has signed an exclusivity agreement to develop up to 1.1GW of battery energy storage systems (BESS) in the UK sourced by infrastructure project developer TUPA Energy.
Two subsidiaries of Wisconsin-based electric and gas company WEC Energy Group have put forward plans for their second large-scale solar-plus-storage project in as many months.
An order worth US$14 billion placed by carmaker Volkswagen with lithium-ion battery manufacturer Northvolt will have a “significant” impact on the stationary energy storage market, a spokesman for Northvolt has said.
Vertically-integrated solar PV company Canadian Solar won nearly 1GWh of battery storage contracts in 2020 and CEO Shawn Qu has said it expects to “capture around 10% of the battery storage market in the US alone” during this year.
Decision-makers across Canada now recognise the value that energy storage can bring to the grid, with Ontario’s grid operator establishing its first-ever set of market rules for energy storage’s participation.
The CEO of US virtual power plant provider Swell Energy has said that New York utility company Con Edison has been “very progressive” in recognising the value that aggregated home battery systems paired with solar can offer.
Stem Inc has revealed its financial results for 2020 ahead of listing on the New York Stock Exchange, admitting that despite expecting a fourfold increase in revenues this year, the company is unlikely to achieve profitability until at least the end of next year.
