“The bottom line is that this is a good business decision. We will get back our money in eight to 10 years at the current price of power. As the price of energy goes up, we’ll pay it back even quicker.”

The impact on supply chains during China’s most intense period of stopping the coronavirus (COVID19) from spreading had been “substantial”, contributing to a “pretty tough time,” for Oregon, USA-headquartered energy storage system maker Powin Energy.

Honeywell is rolling out fire detection and safety technologies for lithium-ion batteries via its Building Technologies business unit, combining it with alternative energy innovation group Nexceris’ gas detection systems.

GCL System Integration (GCL SI) has created a joint venture to expand its energy storage business in the Asia-Pacific region with US-Based energy storage technology provider Powin Energy.

Power shut-offs affecting millions in California, enacted by utilities Pacific Gas and Electric (PG&E) and Southern California Edison to prevent wildfires and their spreading, are a “draconian” measure and don’t address the real problems, SimpliPhi Power CEO Catherine Von Burg has said.

GE Renewable Energy, an arm of the US engineering giant, will supply 100MWh of battery energy storage systems (BESS) to three projects being developed by Convergent Energy + Power in California.

We talk about how solar and storage can be competitive with fossil fuels, how Solaredge is maintaining its own competitive advantage as well as some exclusive inside info on the company’s forthcoming residential battery energy storage systems.

This year has already seen “significant acceleration” of activity in the global grid-connected energy storage market, with 4.3GW expected to be deployed this year, analysis firm IHS Markit has said.

The race to build Europe’s first lithium-ion energy storage system ‘Gigafactory’ could be won by Tesvolt, as the German manufacturer announced a “multimillion-euro investment” in production lines this week.

A large-scale energy storage project to be built in Texas will take advantage of the system’s flexibility to deliver multiple services, as opportunities grow in the state’s Electricity Reliability Council of Texas (ERCOT) market.