The business model for battery energy storage systems (BESS) in the US is changing rapidly, according to industry experts who gathered recently to discuss revenue strategies and market conditions.
Stem Inc has signed a deal for over 110MWh of front-of-meter battery storage systems, as well as related services and software which will enable them to participate in New York’s Value of Distributed Energy Resources (VDER) programme.
Stem Inc and Sunverge, best known for providing battery and solar-plus-storage solutions for businesses and homes respectively, are partnering with companies in the electric vehicle (EV) sector.
India’s biggest grid-scale battery storage system to date received a visit from Delhi government minister Satyendar Jain, who emphasised the urgent need for energy storage to stabilise the grid and incorporate higher shares of renewable energy sources.
Tesla will deliver a battery energy storage system (BESS) to a ‘Battery Power Park’ project in Japan which will participate in various electricity market opportunities and help stabilise the grid on the northern island of Hokkaido.
Electric utilities in Michigan are in agreement that energy storage offers multiple benefits to the customer and network, but uncertainty remains over how it can be introduced into market structures.
The Australian Energy Market Commission has drafted a new rule to enable the provision of fast frequency response services to help keep the electricity grid stable which one expert said will be “a really important market for batteries”.
TWAICE, a software company headquartered in Munich, has launched a platform aimed at helping energy storage system operators manage the profitable use of their assets against the impact that has on the health of their batteries.
Maxine Ghavi, head of grid edge solutions at Hitachi ABB Power Grids speaks to Energy-Storage.news about the role of battery storage in the global energy transition.
