A City of London investment bank has said it agrees that Swiss energy storage maker and integrator Leclanché will reach profitability, but expects it to take a year longer than the company itself has predicted.
An EV and stationary energy storage battery start-up headed by former SpaceX, Tesla, Apple, Amazon and Samsung designers and engineers has mobilised almost US$100 million of financing and contracts to kickstart manufacturing operations.
The US Department of Energy’s (DOE) assessment of reliability and security of the country’s electrical grid network is “encouraging”, the Energy Storage Association’s head has said in her initial reaction to the report’s publication.
The requirement of nine hours of energy storage duration at a project touted as a possible replacement for a new natural gas plant in California makes it tough for the newer technology to compete on cost, an analyst has said.
PV energy provider SunPower announced Wednesday that it has broken ground on a 10MW PV project at the Redstone Arsenal US Army post in Alabama that will also feature a 1MW energy storage system.
Another utility-scale energy storage facility has got the green light for construction in South Australia, claimed to be the first in the country to be “backed by mostly private investment from the energy industry”.
Filipino renewable energy firm Solar Philippines is developing an off-grid solar, battery and diesel micro-grid in the Philippines that could be the largest of its kind in Asia, according to the company head.
The growing commercial viability of energy storage has led regulators in the US state of New Mexico to add the technology to the suite of resources available to utilities in their forward-planning.
Utility company Ameren and smart grid company S&C Electric Company announced that they have conducted a successful 24-hour islanding test in August at the recently deployed Ameren microgrid in Champaign, Illinois.
Regulations for the safe use of energy storage systems still need adaptation to “accommodate a broader use of energy storage with higher energy content like lithium-ion batteries in private homes”, experts at Fraunhofer ISE (Institute for Solar Energy Systems) have said.
