The Internet of Energy is set to provide flexible, sustainable and affordable power for all. But we must not get complacent. Gianluca Mauro, Co-founder and CEO at AI Academy, argues that for this future to be realised, energy leaders need to develop a digital mindset.

Even among high level stakeholders, there are real gaps in education, knowledge and understanding of what energy storage is, and what it can do. We were privileged at last week’s Intersolar Europe/ees Europe shows in Munich, Germany, to be joined by four leading thinkers – and doers – in the energy storage industry, who helped us tackle this difficult question.

Only large scale and intelligent energy storage can realistically solve the issue of variable renewable electricity generation. Patrick Clerens, Secretary General at the European Association for Storage of Energy and a member of the advisory board for Electrify Europe, argues that we can make it happen – but only if we get the incentives right.

An inauguration event was held last week to unveil a new battery energy storage system combined with pumped hydro storage in Bavaria, Germany, after multi-national utility Engie completed work on the project.

The US is expected to remain the world’s biggest market for energy storage until 2022, with China its closest rival, GTM Research has said.

EDF has set its sights on becoming a European leader in energy storage after announcing plans to invest €8 billion (~£7 billion) in deploying 10GW of new projects by 2035.

The former head of the German Green Party, Dr Simone Peter, has said that the Energiewende (‘Energy Transition’) is in its second phase, and now requires more ‘sector coupling’ between electricity, heat and transport sectors.

Consultancy and engineering firm Pöyry has been chosen to operate energy storage systems as part of a ‘cleantech showcase’ project, creating smart energy systems upon a cluster of Finnish islands.

Dutch energy storage system and related technologies provider Alfen has confirmed its IPO and listing on the Amsterdam Euronext stock exchange, first announced in December 2017, will go ahead.

The European Investment Bank (EIB) has approved a loan request from Northvolt that will see the bank provide a financing facility of up to US$64.8 million to support Northvolt’s pilot demonstration facility.