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.
UK transmission network operator (TNO) National Grid has used a new web-based platform to dispatch ancillary services using battery storage in the first example of the new system being implemented across its reserve products.
What has driven the recent boom in Germany’s household energy storage installation figures? What value do customers expect when adding a storage system to their homes? And more importantly, what are energy storage providers doing to sustain and accelerate growth, which can eventually unlock a true mass market? Florian Mayr of Apricum takes a closer look.
Commercial and industrial (C&I) energy storage in Europe, described by one analyst as “beginning to take off”, is the “most exciting” segment of the market at the moment, according to BYD’s global service partner.
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.
Energy asset developer and owner Statera Energy has clinched a refinancing deal for its 50MW Pelham utility-scale battery storage plant in England, in a transaction which it says demonstrates both the maturity and “bankability” of the asset class.
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.
