Recharge A/S, an investment fund specialising in renewables, will take a 50.1% stake in a €24 million (US$26.7 million) micro grid on a remote Portuguese island that could prove the validity of such projects as an asset class.
Energy storage could have a ‘highly critical’ role to play in emerging economies, Aloke Gupta of Imergy Power Systems says. Gupta, who was previously with California’s Public Utilities’ Commission, the state’s regulator, talks about the uses and applications of micro-grids, from his vantage point of view as a flow battery and storage system maker.
The Japanese city in which the manufacturing bases of lithium-ion battery makers including Panasonic, Hitachi Maxcell and GS Yuasa are located will play host to the world’s biggest energy storage battery and system testing facility to date.
In the simplest terms, if 2014 was the year of test deployments and proving storage can work, 2015 was a year of getting things done. But what are the big trends likely to drive the space on in 2016? Lux Research closely tracks the energy storage industry, in combination with solar, in terms of its synergy with EVs and in its own right. Andy Colthorpe spoke with Lux analyst Cosmin Laslau to get his views and predictions on what we can expect to see this year.
Almost US$700 million of corporate funding went into energy storage in 2015, including US$397 million from venture capital (VC) investment, according to the latest report from Mercom Capital.
Although Britain’s government has cut support for renewable energy severely in the past few months, controversially claiming a need to balance the transition away from fossil fuels against the cost to consumers, energy storage may face less of a challenge at the top level, according speakers at a conference in London.
California’s CalCharge is a partnership between public and private sector, aiming to accelerate the adoption of energy storage in the state. Andy Colthorpe of Energy Storage News spoke with CalCharge president Danny Kennedy, the Australia-born former chief of US residential PV installer Sungevity who has a colourful background in eco-activism and the programme’s recently appointed manager, Alex Luce.
Corporations and utilities are already interested in energy storage but must collaborate to advance deployment and lower costs, avoiding some of the past mistakes of the PV industry, according to the heads of one California-based industry group.
Thin-film PV manufacturer and project developer First Solar is among the investors in a US$50 million funding round for grid-scale storage specialist Younicos, with the money raised set to fuel the latter’s expansion.
The eligibility of energy storage systems for a programme financing energy efficiency and renewables through property tax assessment shows that the technology is maturing rapidly, according to the CEO of the North American arm of Sonnenbatterie.
