Energy Storage

While inverter maker Kaco has made a further investment in the storage sector, Enovos has agreed to acquired Wirsol’s O&M business. Furthermore, Rolls Royce has decided to buy German storage provider, Qinous.

Looking at a scenario, in which the Spanish residential solar market is booming again, energy consultancy, ecoSynergies finds that the energy system could save billions, both in terms of CO2, and fuel and grid costs. Additionally, introducing the EU’s suggestion to fairly compensate prosumers for their surplus energy, would allow households to slash payback times for their solar systems by more than a half. In some cases, the amortization period could go down from 25 to seven years.

Lebanon’s International Beirut Energy Forum (IBEF) 2018, which took place last week in the country’s capital, saw the announcement of various solar tenders that depict the domestic PV sector’s take off.

Siemens subsidiary, Fluence has announced it will provide an additional 60 MW battery to power company UK Power Reserve, expanding the cooperation between the two companies to 120 MW, which Fluence says makes it the largest contracted energy storage portfolio transaction to date globally.

Heated opposition to a legislative bill in the Philippines has sparked debate over subsidies for renewables and the potential for battery-backed PV systems to expand rural electricity access.

Just a day after announcing its entry in the off-grid solar business in Bangladesh, the Portuguese utility agreed to acquire a minority stake in Mozambique’s SolarWorks, a start-up providing pay-as-you-go off-grid PV solutions.

The “Project Centurion” will allow the testing of ITM Power’s Proton Exchange Membrane (PEM) electrolyser at Inovy’s Runcorn Site, where hydrogen is being produced as a co-product of the chlor-alkali process.

The Portuguese utility expands its renewable energy business – traditionally dominated by wind – with a new storage station in Romania and the acquisition of a start-up, which offers off-grid home solar solutions in Bangladesh.

While revenues have doubled year on year, Leclanché says its EBITDA is suffering from high operational expenses and one-off payments. However, the goal to post a positive EBITDA by 2020 is on track, it adds.

There are a number of reasons to be bullish on electric vehicles. Government support is growing, battery prices are falling, and the technology is constantly developing. But, for the prospect of owning an electric car to become even more attractive, existing EV charging infrastructure needs to be enhanced. This is where blockchain comes in.