The CEO of ‘intelligent energy storage’ provider Stem Inc, has said a recently-awarded project in Japan will lean on business models the company has used in the US, while artificial intelligence (AI) technology makes that same transference possible.
A unanimous vote taken by the US regulator FERC (Federal Energy Regulatory Commission) which would allow energy storage and other distributed energy resources to play into wholesale markets has been hailed as a “significant step” forward.
Japanese trading house Itochu has invested £5 million (US$7.04 million) into UK-based energy storage and related services provider Moixa, which will enable Itochu to add Moixa’s ‘GridShare’ aggregation platform to its own suite of battery storage solutions.
Stem Inc, self-described as a supplier of “artificial intelligence-powered” energy storage, which deployed a system on average every two days last year, has closed a US$80 million Series D financing round.
Battery storage and smart technologies are to be rolled out to homes in the Irish town of Dingle as part of a new trial to test their potential to support the use of variable renewable energy supply resources and smart connection to the Irish electricity grid.
We often hear about California’s leading position in solar and latterly in energy storage. Perhaps lesser known than direct policy support for energy storage and renewable technologies is the way California’s network operator (CAISO) is starting to reconfigure how it procures demand response, with a positive impact for energy storage – and particularly behind-the-meter assets, as Ted Ko, policy director of Stem, explains.
Home battery storage company Moixa is to expand its GridShare aggregation platform to include third party units for the first time after securing over a quarter of a million pounds from the UK government.
One of the ‘value of energy storage’ questions that was being asked a lot two or three years ago was around the use of batteries and decentralised system architecture instead of traditional “poles and wires” grid networks. However, advancements in this area have been slow to materialise and Navigant Research’s recent ‘Energy Storage for Transmission and Distribution Deferral’ report sought to fill the knowledge gap. Andy Colthorpe took the opportunity to ask lead author Alex Eller three quick questions around the topic.
Energy storage will increasingly be deployed to save money on electricity transmission and distribution (T&D) infrastructure, with nearly half of the global market to be found in the Asia-Pacific region by 2026, Navigant Research has said.
Sonnen is looking to sign up 2,000 Australian customers this year for SonnenFlat, where households sign up to pay a monthly ‘flat rate’ for power while their batteries are used to benefit the local grid.