Based on the value it provides to grids as shares of renewable energy grow, energy storage is a “very exciting market,” the VP of Goldman Sachs Renewable Power has said.
Two subsidiaries of Wisconsin-based electric and gas company WEC Energy Group have put forward plans for their second large-scale solar-plus-storage project in as many months.
Almost 70% of home solar PV in Germany comes with battery energy storage attached and the country’s residential storage market represented around 2.3GWh of installed capacity by the end of 2020.
Vertically-integrated solar PV company Canadian Solar won nearly 1GWh of battery storage contracts in 2020 and CEO Shawn Qu has said it expects to “capture around 10% of the battery storage market in the US alone” during this year.
The CEO of US virtual power plant provider Swell Energy has said that New York utility company Con Edison has been “very progressive” in recognising the value that aggregated home battery systems paired with solar can offer.
Energy storage project developer Convergent Energy + Power has contracted GE Renewable Energy to supply key equipment to a three-site large-scale solar-plus-storage hybrid resource project in New York State.
Large-scale Vanadium redox flow battery (VRFB) technology looks set to be deployed at a 100MW solar energy power plant in China, two years after a smaller-scale demonstration project was commissioned in the region.
