Sharp Electronics will add software modelling the performance of energy storage systems to its commercial storage offering, with software an area industry figures and experts have highlighted as one of the most critical areas of competition and progress in the sector.
While a project to run a Spanish island off renewable energy which gathered media attention this week might only have successfully met the region’s energy demand continuously for four hours, the project is nonetheless “very significant”, an expert with the International Renewable Energy Agency (IRENA) has said.
Competition generated in part by the transport sector has catapulted lithium to its position as storage technology frontrunner, according to Volker Wachenfeld, senior vice president for hybrid and energy storage integration at SMA Solar Technology.
Australia’s Renewable Energy Agency (ARENA) released a hefty report on global energy storage and how it relates back to the domestic situation last month. Tom Kenning investigated one of the report’s main conclusions – that the value for energy storage in Australia, initially at least, will most likely be found behind-the-meter.
Effective ways of assigning economic value to services provided by aggregated storage systems must be found to progress the use of such technology, according to a technical consultant involved in a recent report assessing Australia’s energy storage landscape.
PV Tech Storage’s publisher, Solar Media, recently conducted a round table discussion event, bringing together a range of industry figures from analysts to manufacturers, to discuss the future of the UK residential energy storage industry. While there is more in depth coverage of event to come on PV Tech Storage and through Solar Media’s various other channels, here are two short videos summing up some of the thoughts of attendees on key topics.
The closing of Feed-in-Tariffs (FiTs) for solar installations in the Australian state of New South Wales (NSW) at the end 2016 presents a “perfect marketing opportunity” for energy storage retailers, according to industry members.
Mercom Capital Group’s second quarter 2015 report into VC funding in the energy storage, smart grid and energy efficiency sectors made for interesting reading for the battery and storage space. As PV Tech Storage noted on 21 July from the report, VC funding almost doubled over the first quarter of the year and the sector saw Arnold Schwarzenegger put his money where his green credentials are, bringing some celebrity investor gloss to the proceedings. PV Tech Storage spoke to Mercom Capital chief Raj Prabhu to delve deeper into the statistics.
The man who will host the UK’s first Tesla Powerwall in his home has said the British residential energy storage industry needs to avoid “false starts” which could result in “lots of inappropriately installed systems”.
Venture capital (VC) funding for battery and energy storage companies totalled US$126 million in the second quarter of this year, almost doubling Q1’s US$69 million total raised, according to a report from Mercom Capital Group.
