While energy storage is still a small part of their respective businesses overall, recent quarterly financial reports from US-based geothermal company Ormat and standby generator maker Generac emphasised expectations of market growth going forwards.
More than 500 residential energy storage batteries will be aggregated into a virtual power plant (VPP) by US utility Portland General Electric (PGE), with some participating households offered US$5,000 rebates on battery system purchases as well as money off their monthly electricity bills.
Mitsubishi Corporation said today that it is partnering with major Japanese telecoms provider NTT to “study cooperation” in renewables, energy management using electric vehicles and battery energy storage, while according to reports, NTT is investing around US$1 billion a year in renewable energy up to 2030.
Sunverge CEO Martin Milani talks about the system architectures and technologies that can make residential storage virtual power plants economically viable and useful to the local electricity network. As told to Andy Colthorpe.
AutoGrid has struck a deal to supply its distributed energy resources management system (DERMS) platform to NRTC, a cooperative association serving more around 20 million homes in rural America.
“The bottom line is that this is a good business decision. We will get back our money in eight to 10 years at the current price of power. As the price of energy goes up, we’ll pay it back even quicker.”
AutoGrid has been developing “co-optimisation” capabilities that will allow residential battery storage deployed to mitigate power outages to continue participating in market opportunities.
It has always been anticipated that by the early 2020s, the feed-in tariff would have tapered away in Japan’s booming solar market. Andy Colthorpe speaks with analyst Izumi Kaizuka at RTS Corporation to learn more about what the future holds for post-subsidy solar in Japan.
Kyocera has officially launched a residential energy storage system using an advanced manufacturing process that supplier 24M claims can reduce some of the key costs of lithium battery making by as much as 50%.
