Energy Storage News

Updated: 54 min 5 sec ago
  • July 17, 2017 - 15:12

    Renewable Energy Not a Threat to Grid, Draft of U.S. Study Finds

    Wind and solar power don’t pose a significant threat to the reliability of the U.S. power grid, Energy Department staff members said in a draft report, contradicting statements by their leader Rick Perry. "The power system is more reliable today due to better planning, market discipline, and better operating rules and standards," according to a July draft of the study obtained by Bloomberg. The findings -- which are still under review by the department’s leadership -- contrast with Perry’s arguments that "baseload" sources such as coal and nuclear power that provide constant power are jeopardized by Obama-era incentives for renewable energy, making the grid unreliable.

  • July 17, 2017 - 10:39

    California Assembly Yanks Major Storage Bill, Pushing It to 2018

    A long-term energy storage rebate that cleared the California Senate came to a sudden halt in the Assembly this week. SB 700 would create a 10-year rebate program that steps down in phases as storage penetration increases, modeled after the successful California Solar Initiative. It was slated for a hearing Wednesday in the Assembly's Utilities and Energy Committee, but the committee chair took it off the agenda despite objections from the bill's author. The bill is still alive, but it can't be passed until the legislative session next year due to Assembly rules.

  • July 17, 2017 - 10:28

    Elon Musk Exposes Deep Coal Divide in Australia

    Elon Musk’s intervention in Australia’s energy crisis is widening a divide over the future of coal. The billionaire Tesla Inc. founder, who has promised to help solve an Australian state’s clean energy obstacles, sees no place for the fossil fuel. That conflicts with the national government’s push for it remaining a mainstay source of electricity generation, as well as the “clean, beautiful coal” technologies that U.S. President Donald Trump sees helping to save American mining jobs.

  • July 17, 2017 - 00:00

    National Grid Revises UK Energy Storage Expectations

    National Grid has reduced its forecasts for electricity storage capacity in the UK down to just 10.7GW by 2050 in the most ambitious scenario set out within its future projections for the energy sector. The latest Future Energy Scenarios (FES) document, published on Thursday, suggested the greatest level of storage would be deployed under its 'Consumer Power' scenario, which predicts a highly economic market driven by innovation over environmental concerns.

  • July 13, 2017 - 12:43

    AMS Taking 'Storage to New Level' with US$34m Series B Investment

    Business models used by Advanced Microgrid Solutions (AMS), including creating “Hybrid Electric Buildings” with energy storage, take the industry to a “new level”, VC investor Nancy Pfund has said. Investors including actor and activist Arnold Schwarzenegger, major Australian utility AGL, GE Ventures and Macquarie Capital participated in the successful raise of more than US$34 million in a Series B funding round, which AMS announced yesterday.

  • July 13, 2017 - 12:42

    Multiple Indian 'Gigafactories' Expected by 2019

    At least two global technology leaders could set up Gigafactories to manufacture lithium-ion cells in India in the next couple of years, according to the head of the India Energy Storage Alliance (IESA). This focus is being driven by opportunities in both stationary and electric vehicle (EV) applications in India, particularly with the government goal of making all vehicles electric by 2030.

  • July 13, 2017 - 12:27

    GridWise Alliance Makes Stance on Role Battery Energy Storage Will Play in Modernization of Our Electric Infrastructure

    Washington D.C. – (July 13, 2017) The GridWise Alliance, an organization that specializes in convening energy stakeholders on the most pressing grid modernization activities, today released a whitepaper aimed at improving the conversation about battery energy storage applications on the electric grid.  The paper highlights recommendations for policy makers and regulators as they prepare to overcome the challenges to widespread implementation of energy storage technologies.

  • July 13, 2017 - 12:22

    Project Financing Grows for Commercial Energy Storage, Lags for Residential

    The energy storage industry needs better financing to break out of its early stages. So far, commercial project financing is becoming more widely available, but residential financing has barely gotten started. The high upfront cost of storage makes it hard for behind-the-meter customers to purchase out of pocket, and they can't call on the kind of capital available to utilities or large power producers. For financiers, meanwhile, energy storage poses several risks: It's a relatively new technology with emerging business models and revenue streams, both of which are subject to the influence of shifting tariff structures.

  • July 13, 2017 - 12:13

    Indian Tax Reform Uncertainty Concerns Energy Storage ndustry

    A lack of clarity around India’s recently enforced Goods and Services Tax (GST) Bill has caused a PV tender delay in the state of Gujarat and prompted the nation’s energy storage alliance industry group to write a letter of appeal to the government. The India Energy Storage Alliance (IESA) has now sent a letter to energy minister Piyush Goyal asking for clarity over taxes on separate segments of cells and batteries.

  • July 12, 2017 - 15:07

    Sungrow Supplies Energy Storage System to the Bahamas

    Sungrow, the global leading PV inverter system solution supplier, has announced to have provided the entire energy storage system, including an UL certified SC250KU storage inverter, for a commercial and Industrial (C&I) PV plus storage project in the Bahamas.