The world’s biggest solar market could be about to replicate that feat in energy storage, provided it manages to reform the payment system for rewarding the grid services offered by batteries. China will embark on the road to regional leadership of the storage market from next year, according to WoodMac. Although utility scale energy storage […]
Energy Storage
Stem Steps Into Grid-Scale Storage With Partnership in Massachusetts
The commercial storage pioneer is building bigger battery systems than ever before. Stem is jumping from behind-the-meter energy storage into the grid-connected battery realm. The decade-old startup, known for using batteries to help commercial customers manage demand charges, just stepped to the front of the meter market. Stem will build 28.2 megawatts/28.2 megawatt-hours of solar-paired […]
Blackstone Resources to Build World-Class Solid-State Battery
BAAR, Switzerland: Blackstone Resources AG (SWX: BLS) has teamed up with several strategic partners from Germany, Belgium, Poland and Austria, the United Kingdom and Switzerland. It has started to build and will finance its own research team with these partners. These include research specialists from a number of disciplines that are based at the Fraunhofer […]
Energy storage, EVs boosted by India Budget
India’s newly appointed finance minister, Nirmala Sitharaman, has unveiled the country’s full-year budget that discussed support for lithium battery and electric vehicle (EV) manufacturing, as well as a focus on solar charging infrastructure for EVs. The budget runs up to 31 March 2020, following prime minister Narendra Modi’s recent thumping victory in the world’s largest […]
Indian Renewable Energy Companies Continue To Face Financial Challenges
Financial and project implementation troubles for Indian renewable energy developers do not seem to cease, with little to no solutions to the existing challenges and new ones coming up frequently. We recently covered a story about several solar power developers who were awaiting payments for the energy their power plants generated over the last few […]
State, PSEG and LIPA offer new incentives for installing home battery systems
New York State, PSEG and LIPA are offering new incentives for Long Island homes and businesses to install energy-storage batteries as part of a $15 million plan to expand the nascent sector. The systems can provide a home or business with enough juice to operate critical functions during an outage, particularly when coupled with a […]
Huge battery system to export cheap solar from South Australia approved
Satellite map of proposed project site. Image: EPS Energy / esri South Australia’s Planning Council gave approval just before the end of last month to a 500MW (AC) solar farm project, co-located with 250MW / 1,000MWh of battery energy storage from renewables developer EPS Energy. EPS Energy, based in Australia, has three massive solar-plus-storage projects […]
LONG READ – Power to the people: How solar and storage is helping topple the Big Six
The UK’s energy retail market is, slowly but surely, changing beyond recognition. Ever since the market was privatised in 1990, it has been dominated by a select handful of companies whose combined share of the market has at times topped 99%. Now, nearly 30 years later, that status is changing and their footing is being […]
New York Offers $55M for Long Island Energy Storage Projects
New York state is offering up to $55 million in incentives for commercial and residential energy storage projects on Long Island. The funding, announced Wednesday, is intended to reduce the costs of storage systems for renewable energy. Gov. Andrew Cuomo says the idea is to use the state’s resources to make it easier to expand […]
Solar Energy Storage Market to exceed 3 GW by 2025: Global Market Insights, Inc.
Asia Pacific solar energy storage market will gain momentum during the forecast period on account of favorable government initiatives to support growing renewable integration. Selbyville, Delaware: The annual installation of solar energy storage market is predicted to exceed 3 GW by 2025, according to a 2019 Global Market Insights, Inc. report. Rising demand for effective […]