US senators have introduced a new Bill for energy storage that brings in investment tax credits (ITC) for both grid-scale and residential energy storage systems, in a bid to open up competitive storage markets.

The global grid-connected energy storage project pipeline is forecasted to hit 2GW this year; a 20% increase on the figures for the end of 2015, according to new analysis by IHS.

Elon Musk’s electric vehicle and energy storage firm is poised for another major initiative after the founder announced that he is working on a “Tesla Masterplan, Part 2.”

The California Public Utilities Commission (CPUC) has reformed the Self-Generation Incentive Programme (SGIP) that finances the installation of distributed generation technologies, to now benefit long-duration technologies that previously missed out on the incentive, through the extended US$83 million a year for behind-the-meter storage.

The World Bank’s groundbreaking US$1 billion loan for Indian solar will partly focus on improving transmission for solar parks and innovation in wind and energy storage hybrids, according to a senior government official.

German manufacturer SOLARWATT is preparing to launch its MyReserve energy storage system in the UK by developing a partnership network with installers and designers.

The California Public Utilities Commission (CPUC) issued a decision that reforms its Self-Generation Incentive Programme (SGIP) to provide US$83 million a year until 2019 for behind-the-meter technologies, not least, energy storage.

Battery manufacturer SimpliPhi will sell a high-voltage battery for the C&I market.

The United Kingdom’s decision by referendum last week to exit the European Union has been received negatively by one of the few commentators prepared to go on record with a UK industry view.