Distributed Storage

Panasonic’s Q1 profit widens to $445 million

Panasonic reported a net profit attributable to shareholders of ¥48.8 billion ($445.1 million) in the first quarter of the current fiscal year — up sharply from ¥29.2 billion a year earlier — despite a decline in sales of its solar panels. 

Toshiba narrows PV loss as group struggles to survive

Toshiba has reported a group net loss of JPY 965.7 billion ($8.8 billion) for fiscal 2016, as its energy systems and solutions business — which which builds solar, wind, geothermal and hydropower projects, in addition to battery-based energy storage systems and smart meters — posted an operating loss of JPY 41.7 billion in the 12 months to the end of March 2017, marking a significant improvement from the preceding fiscal year.

Households-as-power-stations could reduce energy consumption by 60% across UK

If homes across the U.K. were designed to generate, store and release their own solar energy, household fuel bills could be cut by £600 a year, finds a report.

Italian region of Lombardia launches €4 million incentive program for solar storage

The program will provide rebates that cover up to 50% of the cost for purchasing and installing a storage system coupled to a PV system.

UK: Solar Trade Association secures government climbdown on battery tax

UK taxation department HMRC agrees to place batteries sold with a new solar system in 5% VAT tax rate following lobbying by the Solar Trade Association. Government will also consider proposals to offer reduced rate to all storage.

Lithium-ion batteries below $200/kWh by 2019 will drive rapid storage uptake, finds IHS Markit

The analysts expect cumulative installed base of energy storage to reach 52 GW globally by 2025, up from 4 GW today. Annual revenues for grid-connected storage to reach more than $7bn by that date despite sharp price declines.

Solarcentury and IKEA launch residential home battery in UK

The new product, available to U.K. online customers, will retail from £3,000 for a standalone battery, or for as little as £6,925 for the solar panel-plus-battery package.

Malaysian researchers test demand response with residential PV systems

New research sheds light on the benefits of demand response applications in a low voltage distribution network with an integrated PV system.

UK: Nearly 126,000 employed in thriving renewables industry, report shows

In the first year energy storage and electric vehicle sectors are included, REA’s annual publication reveals a 2.5% YoY increase in the number of jobs in the renewable energy industry, but also a significant decline in growth from two years previous when it was at nearly 9%. The Association points to negative policy changes as the reason behind the downward trend.


VC funding for battery, smart grid and efficiency tech tops $1bn in H1 2017, finds Mercom report

More than $1 billion raised in the first half of 2017 by battery storage, smart grid and energy efficiency companies – up from $807m in H1 2016, finds latest Mercom Capital Group report.