The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
A ceremony was held yesterday in Niedersachsen, Germany, to welcome the start of operations at a ‘hybrid’ energy storage plant that will use a combination of sodium-sulfur and lithium-ion batteries to stabilise the grid.
Cloud-aggregated virtual power plants using residential or C&I battery storage as part of a smart energy management system can benefit the grid, integrate renewables and EVs and hopefully add a powerful long-term value proposition for home storage. Andy Colthorpe and David Pratt report on how some of the UK’s first VPP projects are proving the concept.
Virtual Power Plant (VPP) operator Next Kraftwerke and electric vehicle (EV) aggregator and smart charging platform provider Jedlix has launched a trial to test if EV batteries can be used to provide automatic frequency reserve.
Tesla’s former EMEA vice-present has taken on an advisory role for Solo Energy as the company seeks to build out its vision of a virtual power plant driven by residential and commercial battery systems.
The Australian state of Victoria has been given a “taste of what’s possible” with the launch of utility Origin Energy’s first virtual power plant (VPP) project to date.
An energy storage system running on Greensmith’s GEMS software platform has been installed at a natural gas generation facility in Hungary, by Greensmith’s parent company Wärtsilä.
Investment into the Ontario market for commercial energy storage has received another big boost, with US energy storage provider Stem Inc announcing today a significant cash injection from the Ontario Teachers’ Pension Plan group.
UK renewable electricity supplier Solo Energy is set to launch a ‘free battery’ business model to UK homeowners after a successful pilot on the remote Scottish islands of Orkney.
Next Kraftwerke, offering ‘Virtual Power Plants-as-a-service’, will integrate a 2MW/2MWh battery at the premises of a commercial customer which will be integrated to offer both front-of-meter and behind-the-meter benefits.
