Energy storage start-up Stem says it sees “strong opportunity” for expansion of its business in Australia, Japan and the EU, in the week when the company closed a US$12 million funding round led by Japanese trading company Mitsui & Co.
Remaining on the grid while using solar paired with batteries is likely to become a more economically attractive option for commercial and residential customers in key US markets, a new report from the Rocky Mountain Institute (RMI) claims.
Will the Indian battery market scenario witness a major change? As the power supply in the country continues to be unreliable, the role of batteries has to change from being an emergency back-up solution to a long time power/energy storage solution.
Large-scale battery projects of the type announced earlier this month by Renewable Energy Systems (RES) America are a “natural fit” for renewable energy developers, according to one analyst.
Canadian Solar has finalised a deal to provide 4MW of energy storage, to be used to support the electrical grid in Ontario, Canada.