The economic benefits of adding energy storage to solar in California at affordable multi-family dwellings could far outweigh the costs, even doubling savings on energy bills, a new report claims.
Mercom Capital Group’s second quarter 2015 report into VC funding in the energy storage, smart grid and energy efficiency sectors made for interesting reading for the battery and storage space. As PV Tech Storage noted on 21 July from the report, VC funding almost doubled over the first quarter of the year and the sector saw Arnold Schwarzenegger put his money where his green credentials are, bringing some celebrity investor gloss to the proceedings. PV Tech Storage spoke to Mercom Capital chief Raj Prabhu to delve deeper into the statistics.
US utility company Southern California Edison (SCE) has announced that it will procure 261MW of grid-connected storage capacity from a handful of suppliers, after a competitive solicitation process.
French battery manufacturer and designer Saft has been contracted to supply a 1MW/3MWh lithium-ion storage system at an educational facility in California, aimed at mitigating the impact of variable solar generation.
After a strong showing in the energy storage segment at its European counterpart in June, Intersolar North America is following suit with a number of companies and organisations launching new products at the show.
SolarCity looks likely to resume its programme of deploying residential energy storage systems in California, following a preliminary ruling by the state’s Public Utilities Commission (CPUC) appeared to rule in the company’s favour.
