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.
Listed funds in the UK which own a significant portion of the country’s utility-scale solar PV assets are not currently convinced by battery storage’s feasibility, but remain primed to deploy the technology at scale when the time is right.
Solar PV paired with energy storage at scale could be provided to utilities at just US$0.10 per kilowatt hour, using advanced battery technology, one manufacturer has claimed.
To widen the access for solar to low-income utility customers, non-profit solar organisation GRID Alternatives and PV microinverter producer Enphase Energy have partnered to launch a new solar-plus-storage project in California for up to 50 customers.
Advanced Microgrid Solutions (AMS) and Pedernales Electric Cooperative (PEC) have been awarded a US$3.24 million grant from the Department of Energy (DOE) to demonstrate the use of energy storage to stabilise high penetrations of solar energy into Texas’ electric grid.
Elon Musk’s electric vehicle and storage company Tesla has officially changed its name from ‘Tesla Motors’ to ‘Tesla Inc’ according to a new regulatory filing.
While Brexit – the impending departure of the UK from the European Union – looms, bringing uncertainty into the country’s economy and international relationships, the role energy storage will play in a decentralised, low(er) carbon and more flexible energy system at least seems a little more assured than it did before.
Tucson Electric Power (TEP) has touted its efforts at reinforcing its grid with three separate energy storage projects.
Nidec ASI has been selected as supplier of batteries to a 49MW energy storage project in the UK by EDF, which will help balance the grid and generate revenues until at least 2035.
