The US Department of Energy (DOE) and the Indian Ministry of Science and Technology (MST) have committed new funds for research on energy storage and smart grids under the US-India Partnership to Advance Clean Energy Research (PACE-R) for US$30 million.
Energy storage capacity additions will double worldwide to 2.9GWh this year, up from 1.4GWh in 2015, according to the latest report from analyst firm IHS Markit.
Tesla’s second Master Plan will be mostly funded by sales of its vehicles, particularly the new electric vehicle, the Model 3, chief executive Elon Musk said during a soft launch of the enormous ‘Gigafactory’ in Nevada on Tuesday.
Elon Musk has revealed the widely anticipated sequel to the ‘Master Plan’ that he wrote almost 10 years ago, where he finally pieces together the missing pieces of the energy puzzle; uniting batteries and electric cars with solar power.
Commercial energy storage economics are attractive today in seven US states, but according to GTM Research’s latest report, that number is to increase to 19 states by 2021, as storage costs continue to fall.
US senators have introduced a new Bill for energy storage that brings in investment tax credits (ITC) for both grid-scale and residential energy storage systems, in a bid to open up competitive storage markets.
The global grid-connected energy storage project pipeline is forecasted to hit 2GW this year; a 20% increase on the figures for the end of 2015, according to new analysis by IHS.
The California Public Utilities Commission (CPUC) has reformed the Self-Generation Incentive Programme (SGIP) that finances the installation of distributed generation technologies, to now benefit long-duration technologies that previously missed out on the incentive, through the extended US$83 million a year for behind-the-meter storage.
The California Public Utilities Commission (CPUC) issued a decision that reforms its Self-Generation Incentive Programme (SGIP) to provide US$83 million a year until 2019 for behind-the-meter technologies, not least, energy storage.
The White House announcement of new developments and investment in energy storage has been characterised as “the first executive office push for energy storage” that will “undoubtedly galvanize” the industry, in a new GTM Research brief by the firm’s energy storage director Ravi Manghani.
