An offer from Tesla CEO Elon Musk to complete a large-scale energy storage project in South Australia within 100 days or deliver it for free has been taken up by the region’s government.
Welcome to Part 2 of our in-depth talk with Nancy Pfund, managing partner at DBL Partners, a venture capital firm specialising in companies and start-ups that offer both rewarding financial returns and positive social impacts. As well as being one of the earliest backers to Tesla and SolarCity, to utility-scale solar tracker company NEXTracker to Off-Grid Electric, which deploys solar in rural Africa; to others in energy storage like Advanced Microgrid Solutions and Primus Power, Pfund is extremely well-placed to offer a quick Q&A ‘masterclass’ in energy storage investing.
Expected since the beginning of this year, Massachusetts has confirmed that it will implement an “aspirational” 200MWh energy storage procurement target for electric distribution companies.
Nancy Pfund is managing partner at DBL Partners, a venture capital firm which specialises in investing in companies and start-ups that offer both rewarding financial returns, and positive social impacts. There have been some serious clean tech companies in DBL’s portfolio, including a pre-IPO investment in Tesla. With this in mind, we spoke to Nancy about how to invest in energy storage wisely and heard her views on the waves of the future. Part 2 to be published tomorrow.
A distributed infrastructure subsidiary of Southern Company, one of the US’ biggest utilities, has formed a partnership with Advanced Microgrid Solutions (AMS) to execute behind-the-meter distributed energy projects.
An analyst at Navigant Research has said he was surprised to see Tesla dominate California’s SGIP (Self-Generation Incentive Program) applications, with the Silicon Valley car and tech company accounting for half of all requested funds.
An agricultural business in Victoria, Australia, is making its operations sustainable with the building of a major “green hub” that includes wind turbines and 34MWh of battery energy storage.
US-based trade industry groups NY-BEST and the Energy Storage Association, have welcomed the passing of bills in New York providing a framework for the state’s regulator to establish an energy storage deployment programme.
Energy storage is the next obvious addition to solar plants in the UK. Elizabeth Reid of law firm Bird & Bird takes a look at some of the drivers, opportunities – and regulatory obstacles.
UPDATED: The Queensland government plans to remove the premium feed-in tariff (FiT) from PV consumers on its Solar Bonus Scheme who install energy storage batteries.
