Financial services giant Morgan Stanley has anticipated that the US energy storage market will grow faster than current consensus expectations, while Deloitte has earmarked the technology for exponential growth – although not perhaps this year.
Oregon has become the latest US state to lay out its foundations for electricity companies to procure and deploy energy storage systems, with the state Public Utility Commission (PUC) providing guidelines and timelines.
German power company innogy SE – the renewables arm of utility RWE – has completed its purchase of Belectric Solar & Battery.
Bloomberg New Energy Finance (BNEF) senior analyst Logan Goldie-Scot discusses with Energy-Storage.News drivers for the recent uptick in storage across the globe, as well as insights on why America has an ideal regulatory approach to storage technologies, the recent UK tender, and the potential of dynamic markets in Asia Pacific.
Behind-the-meter storage is forecast to become a larger segment than grid-scale storage by 2021, and could pose a potential threat to utilities, according to Bloomberg Energy Finance (BNEF) senior analyst Logan Goldie-Scot.
Utility E.ON and battery storage engineers redT have partnered to install a demonstration solar-plus-storage system at the HQ of warehousing and logistics firm JB Wheaton in Somerset, England.
Silicon Valley’s Green Charge Networks, which mainly delivers energy storage systems for commercial customers and is involved in a deal to re-purpose ‘second life’ EV batteries, has been acquired by Engie.
Tucson Electric Power (TEP), a utility in Southern Arizona with around 420,000 customers, has received approval to build two 10MW energy storage systems, including one co-located with solar, from the state’s regulator.
Thus far, the relationship between incumbent utilities and the rise of distributed energy storage has been a difficult one. Cosmin Laslau of Lux Research gives his quick take on one US utility’s plan to stay in the game, offering Tesla Powerwalls to customers in three different ownership models.
Hawaii’s electricity regulator and main utility have recognised that customer-sited distributed energy resources (DERs), including rooftop PV and energy storage, can provide essential grid services and better visbility for network operators, the VP of Stem Inc’s Hawaii operations has told Energy Storage News.
