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.
Germany is looking increasingly likely to extend its incentive programme for domestic energy storage systems, according to a prominent member of the country’s Green Party.
Energy storage is already competitive in a number of mainly grid-based applications, while lithium-ion battery prices could fall by as much as 50% in the next five years, financial advisory and asset management firm Lazard has found.
Investment giant Goldman Sachs will invest US$150 billion in renewables by 2025, including energy storage as a key part of this commitment, it has said.
PV Tech Storage spoke to Nancy Pfund of ‘social impact’ investors DBL Partners, among Tesla’s early backers and participants in two of the top five VC fund plays of this year’s third quarter.
The UK government could deliver cheaper electricity bills to households and businesses by pursuing a decentralised energy strategy with solar and storage at its centre, a new report co-ordinated by major consultancy group KPMG has claimed.
Energy storage is likely to be a near future “game changer” for Australia and could make the country the world leader in solar-plus-storage, a new report claims.
The two fastest moving regional markets for energy storage in the US have installed nearly 90% of the total deployed across the country for more than two years, according to GTM Research.
On a visit to heat battery maker Sunamp’s office, Scotland’s energy minister Fergus Ewing outlined aims to collaborate with his counterparts in England, Wales and Northern Ireland on nationwide storage strategy, while Sunamp CEO Andrew Bissel says greater understanding of heat source batteries is needed for the technology to be included.
