After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China.
Once again, lithium-ion battery-based solutions have been selected for projects that will “improve overall reliability” of electricity supplies, to enhance the grid and make it more efficient, while also providing backup in case of outages.
ICYMI: This year’s Intersolar Europe was accompanied by the biggest energy storage show to take place at the Munich industry bonanza. For those of you that couldn’t be there, or were perhaps too busy with meetings to take in the whole show, here are some pictorial highlights and some quick commentary.
Secretary of state João Galamba tells Energy-Storage.news of plans to boost dispatchable renewables as government works to drive a PV surge within a decade.
Using energy storage – and often renewables – could see mines, cement companies, data centres and other large industrial operations in emerging markets reduce their electricity costs drastically, the CEO of Greensmith has said.
VC funding for battery energy storage companies in the first half of this year has already exceeded 2016’s total and looks on the way to bettering 2017, with US$539 million raised across 29 deals.
Energy storage can be an extensive value enabler for existing customers of UPS systems, while attracting new commercial and industrial (C&I) users into the space, a spokesman for Vertiv has said.
Oregon-based utility company Portland General Electric intends to spend between US$50 million to100 million on around 39MW of energy storage, company executives have revealed.
Electricity and heat generator and retailer Vattenfall is developing a third party model for energy storage deployment, which will see the Swedish firm deploy batteries alongside UK solar farms.
Britain could be the best “scale-up” market in the world when it comes to deploying energy storage batteries, leaning on years of experience in solar PV, the chief of one manufacturer has said.
