Energy Storage

As the debate heats up before Friday’s meeting between federal, state, territory and local government energy ministers in Australia, the Victoria authority has issued a last-minute call to redraft the proposed National Energy Guarantee, and the Australian Capital Territory has redefined its NEG approval condition with regard to the emissions target. Meanwhile, Australia’s energy bodies have taken separate paths.

Mini-grid solutions are becoming more popular to deliver electricity to rural areas. There are 1 billion people worldwide without access to electricity and off-grid solutions could be the cheapest and easiest solution for about 70% of them. It is estimated the market in the segment will be worth $64 billion by 2030.

In the lead-up to a Council of Australian Governments meeting of energy ministers this week, a poll conducted by ReachTEL for Greenpeace Australia Pacific shows more than 70% of respondents want an ambitious renewable energy target to drive down electricity prices.

Odyssey connects stakeholders along the mini-grid value chain to streamline development and financing processes. Reportedly over 275,000 connections would be achieved if the full pipeline is realized, and recently, it experienced a significant boost in a very dynamic mini-grid market.

Circular Energy Storage, a London-based research and consulting group, reports a strong business case for reconstituted electric vehicle batteries for energy storage applications. As the EV and static storage system markets grow rapidly, synergies could be a useful tool for continued cost optimization.

The U.S. Trade and Development Agency (USTDA) has approved a grant supporting the technical design and project planning work for IL&FS Energy Development Company Limited’s (IEDCL) 41 MW hybrid wind, solar and energy storage power plant in Andhra Pradesh.

The program will be be grant aided, and will provide funds mainly for self-consumption projects. At a later stage, the scheme may also offer incentives for home battery storage.

The International Energy Agency’s latest study of global energy investment paints another rosy picture for solar – even as the authors warn of missed sustainable growth targets – but the report covers last year, and notes China’s policy about-turn could blow a cold wind through PV.

Starting from now, subsidies for up to 1,000 residential solar-plus-storage systems can be requested from the Investment Bank of Brandenburg.

Having entered the solar space four years ago with residential rooftop kits, Ikea added storage to its product mix in 2017. pv magazine caught up with Signe Antvorskov Krag, Global Development Leader IKEA Home Solar Business to discuss business models, its role in the industry, and how it intends to execute the next stage of its plan: energy communities.