The head of the Smart PV division of Chinese technology giant Huawei has said that the high end residential energy storage market will be the company’s entry point into a technology that helps integrate solar to the grid.
UK energy regulator Ofgem has confirmed it will press ahead with a contentious reform of electricity network charges which stands to damage the economics of distributed generation and energy storage projects in the country.
Even the US states leading in energy storage market development still have work to do when it comes to adopting the best and lowest-cost grid interconnection procedures, an expert in regulatory affairs at the Interstate Renewable Energy Council (IREC), has said.
In order to address intermittency in its grid, the South Australian Government has introduced a AU$50 million (US$36 million) Grid Scale Storage Fund (GSSF) to help accelerate the deployment of new large energy storage projects, including pumped hydro, hydrogen, gas storage, solar thermal, bioenergy and battery storage.
Finland-based power firm Wärtsilä, which is active in the renewable energy and energy storage markets, plans to enter the Indian energy storage market, citing “looming” grid management challenges in the country.