Solar entrepreneur and financier Jigar Shah probably requires little introduction. The SunEdison founder and former CEO is now president at Generate Capital, a project financing venture for sustainable infrastructure investment. Shah spoke with Andy Colthorpe about Generate Capital’s latest solar-plus-storage projects for a school district in California, as well as sharing his thoughts on the economics of energy storage today.
A test and demonstration facility operated by South Africa’s main utility Eskom will trial Primus Power’s flow batteries, after a local developer was awarded a grant for the project by the US Trade and Development Agency (USTDA).
Fernhill Corporation, a Nevada-headquartered company that invests in and acquires companies for “long-term sustainable cash flow”, has applied to patent a hybrid capacitor-battery energy storage system.
Legislation recently introduced in California to cut red tape and reduce permitting times for energy storage systems and currently awaiting the state Governor’s rubber stamp could also halve the costs associated with paperwork, commercial system provider Stem has said.
China-based technology giant BYD has installed the first of its residential high-voltage B-Box energy storage systems in Germany and is aiming to launch the system into the US later this year.
Jigar Shah has said that the addition of backup power helped persuade a California school district to add energy storage as well as going solar and that adding batteries can help “decision makers” see the true value of PV.
The value of a front-of-meter battery energy storage system in California could be doubled or even trebled, by adding more than one revenue stream to the project, a new report says.
California-based energy storage technology developer Gridtential announced that it has closed US$11 million in financing led by 1955 Capital, with assistance from East Penn Manufacturing, Crown Battery Manufacturing, Leoch International and Power-Sonic Inc., as well as an existing investor in The Roda Group.
More schools in North America will be able to ‘green’ their energy supply and hedge against future rises in the price of electricity, with Jigar Shah’s Generate Capital taking on six solar-plus-storage projects in California.
It has been the US’ busiest quarter to date for behind-the-meter energy storage installations, driven in part by residential adoption in the advanced markets of California and Hawaii, GTM Research has found.
