Investment bank Citigroup is predicting a 240GW global battery storage market worth US$400 billion by 2030 as increased deployment creates a “virtuous circle” of falling costs.
Sharp, ABB, SMA and Bosch are among the big names readying new energy storage products for the UK PV market. Andy Colthorpe caught up with them at the Solar Energy UK show to find out what tech fits best for the UK’s nascent storage sector.
Scientists at Ohio State University claim to have developed a hybrid device which combines a solar cell with a rechargeable battery, as part of a US Department of Energy funded research programme.
A large scale ‘battery park’ has gone online in West Meklenberg, Germany, designed to stabilise grid frequency in an area where a large amount of power generation comes from wind and other renewable energy.
The Swiss and Chinese power engineering firms ABB and BYD have revealed a collaboration to develop new storage technologies.
Reborn Chinese manufacturer Suntech is to spend US$25 million to acquire a 30% equity interest in US energy storage company, Powin Energy.
The Canadian province of Ontario is preparing to install a variety of new energy storage technologies after finalising details of a 34MW commercial-scale storage trial.