Raj Prabhu of cleantech research and communications firm Mercom Capital talks through some of the interesting findings and trends highlighted by his company’s recent “Smart Grid, Battery/Storage, Efficiency Funding and M&A” report for Q1 2015.
Germany’s residential storage system maker Sonnenbatterie will continue its push into the US, partnering with Sungevity, the residential PV installer founded by environmental activist and cleantech entrepreneur Danny Kennedy.
The hotly anticipated announcement tomorrow of two products in the Tesla’s stationary storage range, teased and trailed by a series of cryptic and not-so-cryptic tweets and interview snippets, has led to mainstream media taking an interest in the stationary storage sector and what it could offer like no other news we’ve heard to date. And there hasn’t even been any actual news yet. Andy Colthorpe spoke to energy storage expert Cosmin Laslau at Lux Research, about what to expect.
One firm exploring the possibilities of contributing to grid stability by installing energy storage at solar farms is German PV plant technology provider Belectric. The company will install two large-scale energy storage projects in the UK and connected an energy storage system at a large-scale solar power plant in Germany late last year. The system at Alt Daber is the first such installation in Europe to operate on the primary operating reserve market. Andy Colthorpe interviewed Belectric’s UK managing director Duncan Bott and Tim Mueller, chief executive of Belectric’s solar research and innovation subsidiary, Adensis, about the Alt Daber project earlier this year.
Along with cost reductions in balance of systems (BoS) components and US$1 billion of investment, energy storage technologies can reduce the cost of commercial solar and drive the market segment forward in the US, a SolarCity spokesman has said.
Energy storage start-up Stem says it sees “strong opportunity” for expansion of its business in Australia, Japan and the EU, in the week when the company closed a US$12 million funding round led by Japanese trading company Mitsui & Co.
The remote Faroe Islands in northern Europe are to benefit from a major energy storage system, which as well as helping integrate renewable energy sources, will also operate on a commercial basis providing grid balancing and other ancillary services.
An energy storage project aimed at enabling the grid integration of 1MW of solar and 4.5MW of wind on the Portuguese island of Graciosa will be supplied with batteries by Leclanché.
UK energy storage start-up Powervault has exceeded its £350,000 (US$500,000) crowd funding target as it looks to commercialise its ‘plug and play’ domestic storage device.
Research into energy storage and related technologies has been given a boost in the US in the past few days, with a major utility company committing funding in Indiana for renewables integration and New York’s governor announcing the creation of a research facility.
