The average global cost of installing residential energy storage systems will fall from US$1,600 per kWh in 2015, to US$250 per kWh by 2040, according to the latest Bloomberg New Energy Finance (BNEF) report.
Joe Warren, managing director at UK energy storage start-up Powervault, says there is enough room in the market for multiple storage manufacturers as his company looks set to do battle with Tesla to win over British households.
Energy storage developer Imergy Power Systems has announced the installation of a 30kW, 120kWh ESP30 vanadium flow battery to be tested with PV systems at the SunEdison and Global Academy of Technology (GAT) solar research and testing centre in Bangalore, India.
UK energy efficiency solutions provider Anesco has bolstered its portfolio of operational storage solutions, installing its second commercial battery at a solar farm.
The vice-president for marketing and product strategy at one of only two inverter suppliers to Tesla says it has promised customers that it can “get the battery within six months”.
A proposed “sun tax” on use of batteries for residential self-consumption of solar energy in Spain could increase payback time from around 16 years to 31 years under a new draft Law put forward by the Spanish Government. Hefty fines for infringement, capped at €60 million (US$67.7 million), have also been proposed.
There is a greatly expanded amount of energy storage on offer at the European edition of the Intersolar trade exhibition and conferences this year, including the Electrical Energy Storage (EES) Europe show hosting its own conference for the first time. Andy Colthorpe took the opportunity to canvas opinions on the big trends and topics from a number of industry figures.
The International Renewable Energy Agency has published a technology roadmap aimed at accelerating the deployment of electrical storage for renewable energy.
Renewables-powered energy systems that work independently of the grid at warehouse locations in India will be provided with flow battery-based energy storage solutions by US company Imergy.
Energy storage system installer Advanced Microgrid Solutions (AMS) has chosen Tesla to provide up to 500MWh of batteries for its utility-scale energy storage projects.
