A joint statement on economic and social cooperation between the governments of India and France has “noted the important role of energy storage to promote renewable energies”.
Almost US$700 million of corporate funding went into energy storage in 2015, including US$397 million from venture capital (VC) investment, according to the latest report from Mercom Capital.
Misconceptions over the true value of energy storage are developing because of a “narrow focus” on the initial costs of the technology, a report has concluded.
As residential storage solutions fast become a staple of energy companies’ product portfolios, many in the market are addressing the growing conundrum of how to sell storage solutions to the residential customer, writes Daniel Roca of Panasonic Eco Solutions Europe.
Analysis firm IHS has said that as of the end of 2015’s fourth quarter, the pipeline of planned energy storage projects using batteries or flywheels had reached 1.6GW, in a year which had seen a “change in stakeholder mentality” in favour of the technologies.
News in brief: SolarEdge’s Powerwall-compatible StorEdge self-consumption solution is now available internationally; AES completes another 10MW project in Holland which will provide grid services; and Japan’s Sumitomo Corporation’s Willey Battery Utility is the latest energy storage system to join PJM’s frequency regulation market.
Corporations and utilities are already interested in energy storage but must collaborate to advance deployment and lower costs, avoiding some of the past mistakes of the PV industry, according to the heads of one California-based industry group.
DNV GL’s new recommended practice guidelines for grid-connected energy storage systems is aimed at “reducing risks” for investors and the wider community, the document’s lead author has said.
One of India’s largest solar developers, ACME Cleantech Solutions, believes that its strong track record in PV installations will set it in good stead to pioneer solar-plus-energy storage solutions across the country, in what it claims is an opportune moment to start pilot projects.
Panasonic has given the first indication of the expected size of its investment in collaborator-competitor Tesla’s battery Gigafactory, which according to the company’s president could be up to US$1.6 billion.
