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Siemens is developing a thermal energy storage system for renewable energy integration that could deliver some of the cheapest solution in the high-power, high-capacity and long-duration energy storage range.
Energy Storage
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E.ON eyes sales of 12 billion euros from battery projectsJan 22, 2016
German utility E.ON is targeting potential revenues of 12 billion euros ($13 billion) by 2020 from developing energy storage applications across the residential, utility-scale and commercial & industrial (C&I) segments in Europe and the United States, said Eliano Russo, E.ON’s vice president, energy storage - batteries.
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Storage developers urged to expand services to tap VC fundingJan 21, 2016
Energy storage companies in Europe seeking venture capital (VC) funding should focus on creating new business models, such as aggregated storage and grid stability, on the back of falling storage costs as pure-play technology developers will struggle to get major VC funding, according to Craig Douglas, associate at Amsterdam-based VC firm SET Ventures.
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Enel Green Power backs storage to aid solar, wind growthDec 17, 2015
Italian renewable independent power producer Enel Green Power (EGP) is expanding in the growing markets for renewables-plus-storage and microgrid storage, Riccardo Amoroso, EGP’s Chief Innovation and Sustainability Officer, said during the Energy Storage Europe conference in London on December 1.
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California tops residential market ratings; Storage misses out in UK auctionDec 16, 2015
Energy storage news you need to know.
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UK’s 200 MW grid storage tender flooded by battery bid interestNov 20, 2015
A 2016 tender being planned by UK’s National Grid utility could expand the UK grid-connected electrical energy storage market by 40 times its 2013 level and has seen major interest from battery developers.
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German home batteries set to lead storage growth until incentive cuts bite in 2017Nov 18, 2015
The residential segment will lead significant growth in the German energy storage market until at least mid-2017 before the federal government’s recent decision to scrap incentives for solar storage curbs demand, said Tobias Rothacher, senior manager Energy Storage & Fuel Cells, Solar Energy, Bioenergy at Germany Trade & Invest (GTAI).
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Storage suppliers expand in demand-shaving heavy user marketOct 26, 2015
Energy storage suppliers such as LG Chem and Sharp are focusing on a growing market in behind-the-meter applications for US commercial and industrial (C&I) customers spurred by demand charge savings.
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Flow battery deals build manufacturing base for commercial phaseOct 26, 2015
Major manufacturing alliances and growing product orders are driving renewed investor interest in flow battery makers including Imergy Power Systems and ViZn Energy Systems, raising the market prospects for a technology that has repeatedly stumbled at the commercial step.
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Multiple service dispatch adds value; Large system pay-off estimated at five yearsOct 26, 2015
Energy storage news you need to know.
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Germany’s power market reforms provide platform for storage growthSep 28, 2015
A pending legislative change to allow German wind and solar players to bid in the energy balancing market need not concern battery storage developers as primary frequency response will not be affected, insiders told Energy Storage Update.
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Storage firms attract more long-term investors as commercial launches multiplySep 28, 2015
The US energy storage market is seeing a shift in funding activity as venture capital and private equity funds start to fall in importance compared to institutional investors, Aris Karcanias, co-lead of FTI Consulting’s Clean Technology practice, told Energy Storage Update.
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Ice storage market heats up on rising US wind outlookAug 25, 2015
Riverside Public Utilities’ (RPU) decision to contract Ice Energy for 5 MW of behind-the-meter thermal storage capacity shows ice storage is seen as a practical solution to manage air-conditioning demand and use excess overnight supply from growing wind power capacity.
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California utility mulls compressed air storage to shave renewable energy peaksAug 21, 2015
Southern California municipal utility Burbank Water and Power (BWP) is looking to build a 300 MW compressed air energy storage (CAES) pilot facility at the Intermountain Power Project (IPP) site in Delta, Utah to control the intermittency of growing renewable energy capacity, Lincoln Bleveans, power resources manager at BWP, said during the Energy Storage USA 2015 conference on July 7.
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Lithium-ion costs to fall by up to 50% within five yearsJul 30, 2015
Lithium-ion (Li-ion) technology will dominate the commercial market for energy storage in the US in the next three to five years as Li-ion system costs are expected to fall by 30% to 50%, according to Energy Storage Update’s Energy Storage Cost and Performance Report 2015 released on July 8.
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Texas, Arizona, Hawaii hesitate on large-scale systems as utilities count costsJul 30, 2015
In the group of developing US utility-scale storage markets behind California and New York, the states of Texas, Arizona and Hawaii are seeing stuttering progress as generators grapple with cost concerns.