VARTA’s energy storage system project manager Michael Gopp discusses the technologies past, present and future.
Commercial energy storage economics are attractive today in seven US states, but according to GTM Research’s latest report, that number is to increase to 19 states by 2021, as storage costs continue to fall.
US senators have introduced a new Bill for energy storage that brings in investment tax credits (ITC) for both grid-scale and residential energy storage systems, in a bid to open up competitive storage markets.
The global grid-connected energy storage project pipeline is forecasted to hit 2GW this year; a 20% increase on the figures for the end of 2015, according to new analysis by IHS.
The California Public Utilities Commission (CPUC) has reformed the Self-Generation Incentive Programme (SGIP) that finances the installation of distributed generation technologies, to now benefit long-duration technologies that previously missed out on the incentive, through the extended US$83 million a year for behind-the-meter storage.
The World Bank’s groundbreaking US$1 billion loan for Indian solar will partly focus on improving transmission for solar parks and innovation in wind and energy storage hybrids, according to a senior government official.
The California Public Utilities Commission (CPUC) issued a decision that reforms its Self-Generation Incentive Programme (SGIP) to provide US$83 million a year until 2019 for behind-the-meter technologies, not least, energy storage.
The United Kingdom’s decision by referendum last week to exit the European Union has been received negatively by one of the few commentators prepared to go on record with a UK industry view.
A wide-ranging report from UK politicians into the country’s energy system has found that policy has moved at “glacial pace” to adapt to energy storage technologies and urged for faster action.
The White House announcement of new developments and investment in energy storage has been characterised as “the first executive office push for energy storage” that will “undoubtedly galvanize” the industry, in a new GTM Research brief by the firm’s energy storage director Ravi Manghani.
