A ‘multi-stakeholder’ approach, where different parties benefit from batteries at different times, could be the key to enabling communities to deploy grid-connected energy storage systems, DNV GL has said.
Solar storage batteries for households in Australia enjoyed a more than 1000% percent rise in the number of annual installations from 2015 to 2016, according to a new industry report.
An energy trade association which includes Apple, energy storage maker AES and solar giants SunPower and First Solar in its leadership has welcomed the proposal by US energy regulator, FERC, to remove barriers to participation in wholesale markets for energy storage and distributed energy resources (DERs).
A liberal arts college in California will get a 1MW/2MWh energy storage system from Green Charge that could save the facility US$800,000 over its lifetime.
Last year was a “seminal year” for energy storage, where the technology moved from “dream to reality”, according to impact investor Nancy Pfund, one of the earliest backers to Tesla and SolarCity.
Sydney-based lead-acid energy storage specialist Ecoult has secured AU$4.1 million (US$3.13 million) recoupable funding from the Australian Renewable Energy Agency (ARENA) to develop and commericalise its UltraBattery products.
There is a significant opportunity for energy storage under the Trump administration, the US Energy Storage Association has said.
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.
