The average global cost of installing residential energy storage systems will fall from US$1,600 per kWh in 2015, to US$250 per kWh by 2040, according to the latest Bloomberg New Energy Finance (BNEF) report.
Joe Warren, managing director at UK energy storage start-up Powervault, says there is enough room in the market for multiple storage manufacturers as his company looks set to do battle with Tesla to win over British households.
A New York-based project proving the ability of solar paired with storage to provide power in the event of natural disasters and other causes of grid outages is now underway at City University of New York (CUNY).
Oil major Shell is to purchase 20MW of energy storage from Advanced Microgrid Solutions (AMS).
So-called ‘second life’ batteries taken from Nissan’s Leaf electric vehicle (EV) will be deployed in commercial-scale energy storage systems in regions including the US, following a deal involving Green Charge Networks.
John Grimes of Australia’s Energy Storage Council reports back from a recent visit to China, where he took a look at the processes and state of play of some of the country’s battery manufacturers.
UK energy efficiency solutions provider Anesco has bolstered its portfolio of operational storage solutions, installing its second commercial battery at a solar farm.
The vice-president for marketing and product strategy at one of only two inverter suppliers to Tesla says it has promised customers that it can “get the battery within six months”.
Making safe lithium-ion based home energy storage systems is not really a challenging prospect, but standards need to be adopted across the whole industry, German research and education institution Karlsruhe Institute of Technology (KIT) has said.
A proposed “sun tax” on use of batteries for residential self-consumption of solar energy in Spain could increase payback time from around 16 years to 31 years under a new draft Law put forward by the Spanish Government. Hefty fines for infringement, capped at €60 million (US$67.7 million), have also been proposed.
