Chinese electronics and engineering company Huawei, which also manufacturers inverters for solar PV systems, is starting the supply of its FusionHome Smart Energy Solution, providing solar-plus-storage capabilities to the Australian residential market during the first quarter of 2018.

Energy storage inverter and power conversion company DynaPower has delivered its first ever DC-to-DC converters to large-scale solar-plus-storage projects in the US, while Ideal Power has attained UL certification for two of its products.

Energy storage system and PV module manufacturer Solarwatt and PV inverter specialist Fronius have formed a partnership to supply each other’s products, covering five European countries and Australia.

The former VP of Solar Grid Storage has predicted average Balance of Systems (BoS) costs for energy storage will drop from around US$670 to less than US$400 per kilowatt in the next five years.

The falling cost of energy storage technology will break up the concentrated nature of the global market, according to a new report by IHS Technology.