Aug 19, 2016

Statoil’s battery storage pilot at the Hywind offshore wind farm presents strategic value beyond the immediate business benefits for the farm as the company narrows in on the most profitable stack of storage applications in full-scale offshore wind farms and other renewables, where it sees growing opportunities, said Sebastian Bringsværd, Statoil’s project manager for Batwind.

Aug 19, 2016

Residential solar-plus-storage is likely to be the first market in Australia that will offer opportunities for profitable storage revenue streams, Tim Robinson, energy and technology expert at PA Consulting Group, told Energy Storage Update.

Jul 5, 2016

Investor interest in energy storage is very strong even as venture capital (VC) funding in the sector in the first quarter of 2016 was down 28% year on year and down 50% from Q4 2015, according to Gordon Mackay, director of the Global Industrial Group at Citi Bank.

Jul 5, 2016

Assessing the bankability of project controls will be key to mitigating the risks and monetizing more value from energy storage systems moving forward, according to Michael Kleinberg, senior consultant at risk management company DNV GL.

May 12, 2016

New York utility Consolidated Edison (Con Edison) plans to launch a pilot virtual power plant (VPP) project in June to test out the business case for integrating aggregated fleets of residential solar-plus-storage systems into the grid, Jamie Brennan, director of demonstration projects at Con Edison, told Energy Storage Update.

Apr 29, 2016

Energy storage news you need to know.

Mar 1, 2016

The US could see a growth spurt in solar-plus-storage projects in 2016 and 2017 if the US Internal Revenue Service (IRS) expands its energy investment tax credit regulations to include more energy storage uses, said Jigar Shah, co-founder of Generate Capital, a specialty finance company that builds, owns, operates and finances energy, water, agriculture and basic materials infrastructure assets.

Feb 26, 2016

Energy storage news you need to know.

Jan 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.

Jan 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.

Dec 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.

Nov 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.

Nov 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).

Oct 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.

Sep 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.