Third parties and utilities will finance around 84% of the market for grid-tied stationary battery energy storage by 2025, according to a report from Navigant Research.

Ideal Power, which supplies its battery converters to Sharp’s Smartstorage product in the US, has launched a range of power converters that the company claims are capable of adding grid-tied storage to megawatt-scale solar power projects.

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.

NEC Energy Solutions has completed six new grid-tied energy storage systems for UK distributed network operator (DNO), Northern Powergrid.