One UK energy storage company has compared its latest venture to the energy trading markets of California ISO, as it prepares to pay its customers for providing vital grid services through their residential systems.

24M Technologies, a battery company spun out of A123 Systems in 2010, has signed a memorandum of understanding (MoU) to supply its semisolid lithium-ion cells to NEC Energy Solutions for use in NEC ES’s integrated energy storage systems.

European inverter manufacturer SMA Solar Technology will supply equipment to a 200MW large-scale energy storage project in Korea, including 1,000 battery inverters.

We are approaching the sixth annual Solar Energy UK conference and exhibition, hosted by our publisher Solar Media. Taking place next week amid challenging times for the UK PV industry, recognition of the potential of storage at the top level at last, and actions already underway by the industry, will be among the central topics of discussion, with more exhibitors and conference strands than ever before.

We’ve been talking over the past few months with a large number of key and emerging players in the UK’s energy storage industry. With our show Solar Energy UK coming up next week, we thought this would be a good opportunity to share with you the thoughts of two of those players on the relationship between renewables and energy storage.

Multinational conglomerate corporation GE has announced Current, a new energy company that combines GE’s LED, solar, energy storage and electric vehicle businesses with its Predix platform to single out and provide cost-effective and efficient energy solutions to customers.

Microinverter specialist Enphase has revealed details of plans for two residential solar-plus-storage trials in Australia and New Zealand and publicly put a figure on prices for its AC battery product.

The UK, catapulted into being one of the world’s leading regions for solar PV deployment unexpectedly over the past couple of years, is now facing just as unexpected challenges in the form of drastic FiT cuts of as much as 87%. While this is undoubtedly bad for the industry, there are some possible avenues for policy adjustments that won’t require subsidising as well as strategies the industry could adopt to make self-consuming solar with storage a more viable option, writes Simon Daniel of Moixa Technology.

NextEra Energy’s CEO sees energy storage as one of three areas driving “tremendous growth” for the group and has said that discussions about renewables are “naturally” leading into dialogue on storage.

Power conversion specialist Ideal Power has received an order for 1.5MW of its 30kW battery converters and power conversion systems from a new system integration partner.