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.
In short, energy storage technology is set to revolutionise our society, EVs and beyond, with power companies among the most affected – whether they like it or not. The sector needs to wake up to this and decide what it is going to do about it. Education could provide the wake-up call that power professionals need, says Bo Normark of InnoEnergy.
Vertically-integrated solar energy company First Solar will be involved in the first megawatt-scale battery system announced in Arizona since it was revealed the state could put a 3,000MW energy storage deployment target in place.
Stem Inc, self-described as a supplier of “artificial intelligence-powered” energy storage, which deployed a system on average every two days last year, has closed a US$80 million Series D financing round.
Developer Convergent Energy & Power has installed a commercial and industrial (C&I) energy storage system in Ontario for an injection-moulded plastics company, sized with 8.5MWh of batteries.
Seeking ways to optimise the use of clean energy, California network operator CAISO (California Independent System Operator) is considering the introduction of a load-shifting product that would incentivise storing peak energy for later use.
More schools in North America will be able to ‘green’ their energy supply and hedge against future rises in the price of electricity, with Jigar Shah’s Generate Capital taking on six solar-plus-storage projects in California.
More than a quarter of US commercial and industrial (C&I) electricity users could potentially use energy storage to lower premium rates they are charged during periods of high demand, the National Renewable Energy Laboratory (NREL) has found.
One of the distribution network operators (DNOs) tasked with maintaining security of electricity supply into British homes is launching a tender for flexibility services that include energy storage.
