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.

The future for Tesla-SolarCity could lie in aggregating rooftop PV with stationary energy storage, EVs and other distributed energy resources, the head of energy storage market analysis at Bloomberg New Energy Finance (BNEF) has said.

The proposed deal for Tesla to acquire US rooftop solar company SolarCity makes sense but could distract both parties from immediate core objectives, according to Lux Research.

Tesla has made an offer to acquire SolarCity in stock swap deal that would give SolarCity shareholders a premium of 21-30%.

Morgan Stanley has predicted a boom in solar-plus-storage in Australia, calling PV a direct substitute for grid power and warning investors that the incumbent energy industry has been slow to react to trends.

The White House announcement of new developments and investment in energy storage has been characterised as “the first executive office push for energy storage” that will “undoubtedly galvanize” the industry, in a new GTM Research brief by the firm’s energy storage director Ravi Manghani.