Lithium-ion battery-based energy storage for commercial and industrial customers in the US lies on the cusp of becoming “viable” over the next three to five years, according to international credit rating agency Moody’s.
The latest claimant to the crown of ‘largest flow battery installation in North America and Europe’ has emerged, with the award of a 2MW project in Canada to US manufacturer Vizn Energy.
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.
