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Energy Storage

BNEF: Australia ties with Germany as fastest growing residential storage market

Australia is on the cusp of a residential battery storage boom. The Climate Council published the forecast last week in its Fully Charged: Renewables and Storage Powering Australia report. BNEF confirms with pv magazine that as a result of the rapid growth, Australia sits alongside Germany as the fastest growing market for residential battery storage.

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Storage Highlights countdown #5: Electrochaea’s scalable methanation plant

As Energy Storage Europe approaches, pv magazine counts down the five highest-ranked energy storage highlights, selected by our independent jury, that visitors to the exhibition can lay their eyes on. In fifth-place was Electrochaea’s scalable methanation plant: A rather quirky hydrogen-to-methane storage innovation that won plaudits for delivering large-scale power-to-gas capability.

South Australia: Labor sets 75% RE target by 2025

The South Australian Labor Party has increased its Renewable Energy Target (RET) to 75% by 2025. It also plans to introduce a target of meeting 25% of the state’s peak electricity demand with stored renewables – equating to 750 MW of storage capacity.

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UK National Grid accelerates EV adoption with installation of super rapid charging stations

The National Grid is planning to support the installation and development of ultra-rapid, directly connected EV charging points along the U.K.’s major motorways.

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Jordan to launch 30 MW storage project

The project is scheduled to come online by mid-2019 and will help the local grid better manage the increasing power generation from wind and solar facilities, which at the end of 2017 had reached a combined capacity of 500 MW.

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Enel, Enertrag and Leclanché plan big storage project in Germany

The three companies want to jointly install a 22 MW storage facility that will provide primary control power and grid services. The planned investment for the project is €17 million.

Belgian grid operator, Eandis tests storage at its solar-powered facilities

‘TheBattery’ storage system of the Dutch provider of high and low voltage equipment, Alfen, will be used by the Belgian power distributor to store solar power produced at its logistical center in Lokeren, Flanders.

Solar to lead global renewables growth for next five years — KPMG

Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this, it found.

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Indian government makes surprising u-turn on electric vehicle policy

Minister for road transport, Nitin Gadkari drops plans to introduce national policy to support growth of electric vehicles in surprising reversal on earlier ambitions.

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Global storage growth of 4.6% in 2017 reflects patchy state of sector, finds BNEF

Despite hitting a record 1.17 GW of new grid-scale storage capacity in 2017, growth was a mere 4.6% on 2016 having surged 61% the year prior. Industry’s reliance on policy support means foundations for growth remain uneven, report finds. Average costs, however, fell by 24% last year.

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