The dramatic fall in cost, occuring alongside the mass roll-out of home storage systems in Germany since 2013, has highlighted the potential of decentralised batteries in virtual power plants to utility companies and grid operators.

Gone are Europe’s weekly FCR auctions, replaced by daily auctions in a move designed to create greater flexibility and improve international co-operation in these markets in Europe, writes Jean-Paul Harreman of EnAppSys.

Idaho-headquartered KORE Power claims it will have 6GWh annual production capacity for its lithium battery energy storage solutions, based on high-power nickel manganese cobalt (NMC) cells, up and running during the first quarter of next year.

A £55 million (US$67.8 million) fund has been earmarked for five projects in the UK looking at developing the next generation of battery storage technology.

Eguana Technologies has signed a deal with contract manufacturer Jabil for the production of residential and commercial energy storage systems.

PV Tech Power, the downstream solar industry journal from our publisher Solar Media, has reached its fifth ‘birthday’ and Volume 20 of the quarterly magazine, out now, includes a special report on energy storage.

Form Energy has closed a US$40 million Series B funding round led by Eni.

Enabling batteries to be repaired, upgraded and reused when no longer suitable for their first life will have social as well as environmental benefits, Amrit Chandan, CEO of Aceleron, argues.

Battery storage assets were called into action last week after the UK suffered country-wide power outages following a transmission system stress event.

Q CELLS has expanded the reach of its home energy storage product, launching the solution in the UK and Irish markets.