- 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).
Statoil to trial triple revenue stream at offshore wind-storage project
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.
Developers target Australia to test business case for home battery storage
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.
Energy storage investor interest persists even as VC funding falls
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.
Storage developers urged to review bankability of system controls
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.
Con Edison to pilot $15 million virtual power plant project
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.
US storage deals to hike from 2016 if new tax rules agreed
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.
E.ON eyes sales of 12 billion euros from battery projects
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.
Storage developers urged to expand services to tap VC funding
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.
Enel Green Power backs storage to aid solar, wind growth
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.
UK’s 200 MW grid storage tender flooded by battery bid interest
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.
German home batteries set to lead storage growth until incentive cuts bite in 2017
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).
Flow battery deals build manufacturing base for commercial phase
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.
Germany’s power market reforms provide platform for storage growth
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.