Adding well-optimised energy storage to solar PV projects in the US state of Massachusetts can increase project revenues by up to 50%, Stem Inc has claimed, as the energy storage provider announced the completion of a front-of-meter solar project with 8MWh of storage.
“The elimination of solar energy’s intermittency and ensuring its 24-hour availability at grid-competitive cost is the holy grail and RayGen has found it”.
“We work hard every day to continue to push forward to the best of our ability, as we believe that we must do all that we can do to keep our projects on track and support the greater economy.”
Australian renewables investor Lyon Group has penned an agreement with China Huadian Corporation which will see the duo co-develop and invest in power-plus-battery energy storage systems across Australia, China and other Asian markets.
Chinese solar inverter manufacturer Sungrow not only continues to lead the global market for inverter shipments, the company’s energy storage business enjoyed huge growth in revenue during 2018.
Liquid air energy storage (LAES), so far only deployed at scale at two sites in England, will be available in a number of new territories after manufacturer Highview Power signed a deal claimed to be worth €1 billion (US$1.12 billion).
Known historically for its oil and in the present day for deploying large amounts of wind energy and latterly for deploying batteries at wind farms, the US state of Texas is less well known for solar-plus-storage projects.
