Green Mountain Power (GMP), a utility in the US state of Vermont, has requested approval on US$30 million in funding to expand a home battery energy storage scheme.
Global residential energy storage shipments fell year-on-year for the first time in the second quarter of 2023, S&P Global said, amidst less energy price volatility, high inventories and rising costs.
The energy storage market in Italy doubled in capacity in the first half of the year, though Q2 saw the first slowdown in nine quarters and that could be repeated in H2, according to the country’s renewable energy trade body.
California-based FranklinWH Energy Storage has secured a US$25 million Series B to scale up its residential battery and energy management software offering in the US and Puerto Rico.
Germany and US residential battery storage and VPP provider sonnen’s network of batteries in Germany has reached 250MWh, and will hit 1GWh in the next few years, it said.