Reborn Chinese manufacturer Suntech is to spend US$25 million to acquire a 30% equity interest in US energy storage company, Powin Energy.

French battery manufacturer, Saft, has been awarded a contract to supply a lithium-ion battery system for use in a 12MW solar plant being built in Hawaii.

SolarCity, one of the largest solar installers and leasing companies in the US, has moved into providing energy storage via pilot programmes for residential and commercial customers in key regional markets including California. Will Craven, director of public affairs and spokesman for SolarCity, discusses the regulatory situation facing the company and others in the rapidly growing area of energy storage-plus-solar.

SunPower Corporation has become the latest US solar provider to pilot the deployment of residential storage systems in California by extending the terms of an existing partnership with homebuilding company KB Homes to include storage.

Barclays has voiced the opinion that solar PV-generated energy coupled with storage presents a long term disruptive risk to electric utilities in the US, as it was reported the bank’s investment arm had downgraded the entire electric sector of the US high grade corporate bond market.