An ITC for standalone energy storage systems could finally become reality with its inclusion in a US$1.5 trillion infrastructure investment Bill, tabled by House Democrats.
Coal retirements, liberalised energy markets and declining costs continue to improve the business case for energy storage in Australia, but the coronavirus pandemic is among factors creating uncertainties and risks, new research has found.
Adding well-optimised energy storage to solar PV projects in the US state of Massachusetts can increase project revenues by up to 50%, Stem Inc has claimed, as the energy storage provider announced the completion of a front-of-meter solar project with 8MWh of storage.
The US national Energy Storage Association’s policy director, Jason Burwen, spoke with Andy Colthorpe about the seven early adopter states of energy storage targets and whether this is likely to be a spreading pattern across the country.
This article looks at the current status of each of these end-markets and where there are similarities and differences in how the markets have developed, along with future opportunities.
Itochu, a major Japanese corporation which has sold over 330MWh of residential battery storage systems in its home market, has invested ¥1 billion (US$9.35 million) in TRENDE, a renewable energy retailer which counts utility company Tokyo Electric Power among its major shareholders, with a view to launching a range of renewable energy and storage-enabled services.
The UK government’s Department for Business, Energy and Industrial Strategy (BEIS) has announced a £10 million (US$12.44 million) grant to help construct the world’s largest liquid air battery.
France, Italy, Spain and Belgium are among the regions of most interest for energy storage stakeholders in Europe, analysis firm Clean Horizon has told Energy-Storage.news.
US residential solar installer Sunrun is deploying aggregated rooftop solar-plus-batteries in partnership with utility Southern California Edison (SCE), in a demonstration project of the systems’ capabilities to run as a virtual power plant (VPP).
