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.
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.
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.
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.
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.
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.
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.
E.ON eyes sales of 12 billion euros from battery projects
Jan 22, 2016
German utility E.ON is targeting potential revenues of 12 billion euros ($13 billion) by 2020 from developing energy storage applications across the residential, utility-scale and commercial & industrial (C&I) segments in Europe and the United States, said Eliano Russo, E.ON’s vice president, energy storage - batteries.
Storage developers urged to expand services to tap VC funding
Jan 21, 2016
Energy storage companies in Europe seeking venture capital (VC) funding should focus on creating new business models, such as aggregated storage and grid stability, on the back of falling storage costs as pure-play technology developers will struggle to get major VC funding, according to Craig Douglas, associate at Amsterdam-based VC firm SET Ventures.
Enel Green Power backs storage to aid solar, wind growth
Dec 17, 2015
Italian renewable independent power producer Enel Green Power (EGP) is expanding in the growing markets for renewables-plus-storage and microgrid storage, Riccardo Amoroso, EGP’s Chief Innovation and Sustainability Officer, said during the Energy Storage Europe conference in London on December 1.
UK’s 200 MW grid storage tender flooded by battery bid interest
Nov 20, 2015
A 2016 tender being planned by UK’s National Grid utility could expand the UK grid-connected electrical energy storage market by 40 times its 2013 level and has seen major interest from battery developers.
Lithium-ion costs to fall by up to 50% within five years
Jul 30, 2015
Lithium-ion (Li-ion) technology will dominate the commercial market for energy storage in the US in the next three to five years as Li-ion system costs are expected to fall by 30% to 50%, according to Energy Storage Update’s Energy Storage Cost and Performance Report 2015 released on July 8.
Texas, Arizona, Hawaii hesitate on large-scale systems as utilities count costs
Jul 30, 2015
In the group of developing US utility-scale storage markets behind California and New York, the states of Texas, Arizona and Hawaii are seeing stuttering progress as generators grapple with cost concerns.