LG Chem unveils two residential battery series
LG Chem is spinning off its battery business into a new subsidiary, LG Energy Solution. It also launched two new battery series, Resu Prime and Resu Flex. These devices rely on new battery cells with a higher power density and with up to 16 kWh, they have a higher capacity than previous models. The first products are expected to be shipped from February or March 2021.
World’s largest residential virtual power plant
Like Airbnb, but monetizing spare energy: “The first big step toward opening the door to a massively transactive grid.”
How to grasp the monetary value of storage
Researchers in Saudi Arabia have conducted a review of all current techniques used to calculate the monetary value of storage. They found that batteries secure the most value in providing ancillary services.
Growing German storage market buoyed by falling prices
RWTH Aachen University and Forschungszentrum Jülich evaluated the data. It shows a growing demand for photovoltaic storage systems in 2019 and continued positive market sentiment lasting well into 2020.
Bangladesh plans to attract EV manufacturers
The government has drafted an industrial policy to try and attract electric vehicle production lines, and even solar-powered car producers, to the country.
Solar+storage vs. Dutch nitrogen crisis
EU environmental laws are driving the implementation of zero-emission solutions in the Netherlands.
US energy storage market redefined in Q3
Installations hit a record 476 MW/764 MWh in the third quarter, with California’s deployment figures alone shattering all previous quarterly records.
All-in-one residential battery inverter solution from Solax
The new solution integrates the inverters of Solax’s X-1 Hybrid G4 series and its Triple Power 3.0 Battery systems. According to the manufacturer, the hybrid battery inverter can be deployed in only 30 minutes and by a single person.
US ‘aqueous air battery’ developer reveals investors in recent $76 million funding round
The holy grail of energy storage has always been low-cost and long-duration. Form Energy plans to deploy a 1 MW/150 MWh system with a Minnesota utility before 2023 – an unprecedented energy storage duration, if successful.
pv magazine video: US storage market under spotlight
In pv magazine’s second roundtable session, Advanced technologies, the U.S. storage market came under the spotlight – in particular, the lessons that can be learned from solar as the market moves towards greater maturity. Also under discussion was the trend among PV manufacturers to producing ever larger cells and modules in the continuous drive to bring down LCOE. But is big necessarily better?
