Texas-headquarted Mercom Capital Group recently released its Q1 2016 funding and M&A report for energy storage, smart grid and energy efficiency sectors. Mercom’s CEO and co-founder Raj Prabhu discusses the energy storage trends tracked in this quarter with Energy-Storage.News, especially in light of the drop in venture capital funding this quarter.
A trial project using 1.1MWh of lithium-ion battery storage to harness power from rooftop solar systems has been installed in the Western Australia suburb of Alkimos.
ABB has signed a memorandum of understanding (MoU) with Chennai-based engineering and research organisation, the Indian Institute of Technology Madras (IITM) to partner on building microgrids and develop R&D in the battery energy storage area.
Australian battery developer Redflow has launched what is thought to be the first residential-level storage device to use a flow battery, in its home market.
The anticipated growth in stationary energy storage will be dependent on a significant decrease in costs. Florian Mayr and Hannes Beushausen explain how the relative costs of different storage technologies in different applications can be compared and understood as an intial step towards increasing competitiveness.
US President Barack Obama has visited battery manufacturer Saft America’s automated lithium-ion battery manufacturing plant in Jacksonville, Florida, claiming that government policy on clean energy helped support employment at the facility.
Energy storage provider AES Energy Storage has signed a multi-year agreement for Korean battery supplier LG Chem to provide 1GWh of lithium-ion battery capacity for AES’s energy storage systems, which a US analyst has said could take around seven to eight years to install and be worth an estimated US$300 million.
While lithium-ion is expected to hold its leading position as the battery chemistry of choice for at least the next decade, it would be wise to consider investing in its possible successors, according to Lux Research.
Ontario’s Independent Electricity System Operator (IESO) has selected five companies to deliver nine energy storage projects with a total capacity of 16.75MW.
Energy storage manufacturing is the fastest growing business unit for tool maker Manz, the company has told PV Tech Storage.
