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Siemens is developing a thermal energy storage system for renewable energy integration that could deliver some of the cheapest solution in the high-power, high-capacity and long-duration energy storage range.
Energy Storage
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Sonnen plans new services; UK urged to lift barriers to storage
Oct 24, 2016
Energy storage news you need to know.
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Batteries deliver big savings on UK super-fast frequency control
Sep 29, 2016
The results from National Grid’s recent Enhanced Frequency Response (EFR) 200 MW tender in the U.K. show storage can deliver big savings on frequency control procurement and that batteries could be cost-effective options to provide super-fast frequency response just as changes in the generation mix are increasing the future need to control grid variations, experts told Energy Storage Update.
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SoCal Edison turns to batteries, demand response to offset future load growth
Sep 29, 2016
Future success of Southern California Edison’s (SCE) Preferred Resources Pilot (PRP) to deploy a fleet of clean, distributed energy resources to offset load growth in Orange County, Calif. may signal the solutions that other utilities and developers can use to replace the need to procure new fossil-fuel-fired generation in other densely populated areas, experts told Energy Storage Update.
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Statoil to trial triple revenue stream at offshore wind-storage project
Aug 19, 2016
Statoil’s battery storage pilot at the Hywind offshore wind farm presents strategic value beyond the immediate business benefits for the farm as the company narrows in on the most profitable stack of storage applications in full-scale offshore wind farms and other renewables, where it sees growing opportunities, said Sebastian Bringsværd, Statoil’s project manager for Batwind.
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Developers target Australia to test business case for home battery storage
Aug 19, 2016
Residential solar-plus-storage is likely to be the first market in Australia that will offer opportunities for profitable storage revenue streams, Tim Robinson, energy and technology expert at PA Consulting Group, told Energy Storage Update.
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Energy storage investor interest persists even as VC funding falls
Jul 5, 2016
Investor interest in energy storage is very strong even as venture capital (VC) funding in the sector in the first quarter of 2016 was down 28% year on year and down 50% from Q4 2015, according to Gordon Mackay, director of the Global Industrial Group at Citi Bank.
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Storage developers urged to review bankability of system controls
Jul 5, 2016
Assessing the bankability of project controls will be key to mitigating the risks and monetizing more value from energy storage systems moving forward, according to Michael Kleinberg, senior consultant at risk management company DNV GL.
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Saudi Aramco sees PV storage as most economic at under 4 storage hours
Jun 1, 2016
PV with lithium-ion battery storage is more cost-competitive than CSP for storing up to four hours of energy, based on today’s technology and cost, said Tim Polega, executive head of Saudi Aramco's renewable energy program.
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Nissan backs energy storage; National Grid turns to batteries for grid balancing
Jun 1, 2016
Energy storage news you need to know.
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Con Edison to pilot $15 million virtual power plant project
May 12, 2016
New York utility Consolidated Edison (Con Edison) plans to launch a pilot virtual power plant (VPP) project in June to test out the business case for integrating aggregated fleets of residential solar-plus-storage systems into the grid, Jamie Brennan, director of demonstration projects at Con Edison, told Energy Storage Update.
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Storage VC funding drops 50%; Duke eyes commercial battery system
Apr 29, 2016
Energy storage news you need to know.
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Home battery storage growth spurs race for software, new services
Apr 5, 2016
Rising competition in the burgeoning residential storage sector is prompting more and more US home battery providers to turn to software to expand their services and grow their market share with new value streams.
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Statoil backs wind storage; LG Chem eyes Australia growth
Mar 31, 2016
Energy storage news you need to know.
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US storage deals to hike from 2016 if new tax rules agreed
Mar 1, 2016
The US could see a growth spurt in solar-plus-storage projects in 2016 and 2017 if the US Internal Revenue Service (IRS) expands its energy investment tax credit regulations to include more energy storage uses, said Jigar Shah, co-founder of Generate Capital, a specialty finance company that builds, owns, operates and finances energy, water, agriculture and basic materials infrastructure assets.
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Australia set for storage boom; US Supreme Court rule to spur demand response
Feb 26, 2016
Energy storage news you need to know.