Secure financing for energy storage is likely to be the main driver for its deployment, the chief of the UK’s biggest solar developer has said, echoing views given to Energy Storage News by analysis firm Lux Research.
Research firm IHS recently reported that as of the end of 2015, there was a global pipeline of 1.6GW of battery or flywheel-based grid storage projects in place. Andy Colthorpe spoke to principal analyst Marianne Boust, who explained why last year truly saw a “change in stakeholder mentality” in favour of energy storage and why 2016 will be another record-breaking year.
Workable alternatives to utility power involving energy storage are beginning to emerge with new and innovative business models, according to an investment advisor who worked on Younicos’ recent US$50 million “land grab”.
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.
