Effective ways of assigning economic value to services provided by aggregated storage systems must be found to progress the use of such technology, according to a technical consultant involved in a recent report assessing Australia’s energy storage landscape.

PV Tech Storage’s publisher, Solar Media, recently conducted a round table discussion event, bringing together a range of industry figures from analysts to manufacturers, to discuss the future of the UK residential energy storage industry. While there is more in depth coverage of event to come on PV Tech Storage and through Solar Media’s various other channels, here are two short videos summing up some of the thoughts of attendees on key topics.

The closing of Feed-in-Tariffs (FiTs) for solar installations in the Australian state of New South Wales (NSW) at the end 2016 presents a “perfect marketing opportunity” for energy storage retailers, according to industry members.

There is “still an argument to be had” over the best use of storage solutions in the UK markets, with pure storage or back-up capabilities two possible options according to LG Solar head of UK sales Bob Mills.

Some news in brief from around the world of energy storage this week: UK residential storage company chases scale with crowdfunder, Younicos could hire 150 more employees by 2017, and Southern California Edison is set to flick the switch on a grid-stabilising storage system from NEC ES.

In less than a week, more than 180,000 Spanish citizens have signed a petition against plans for a new ‘sun tax’ on use of batteries for residential self-consumption of solar energy in Spain.

US PV installer SolarCity is now taking orders for solar and home energy storage systems including Tesla’s new Powerwall battery pack, as part of the company’s expanded homebuilder programme.

Following another year at Intersolar Europe where energy storage has carved out an even bigger place for itself than before, SMA’s Dr. Alexsandra Sasa Bukvic-Schaefer and Volker Wachenfeld give their take on one of the big talking points in residential system design.

The average global cost of installing residential energy storage systems will fall from US$1,600 per kWh in 2015, to US$250 per kWh by 2040, according to the latest Bloomberg New Energy Finance (BNEF) report.

Joe Warren, managing director at UK energy storage start-up Powervault, says there is enough room in the market for multiple storage manufacturers as his company looks set to do battle with Tesla to win over British households.