Driven by growing renewable energy demand in numerous regions, the market for micro-grid installations will grow rapidly between 2015 and 2020.
The Japanese company has purchased A123 Energy Solutions from China’s Wanxiang Group for a reported $100 million.
The Energy Storage trade fair in Düsseldorf begins with a rousing call from California for more energy storage solutions.
The 5 MW M5BAT storage system is located in Aachen, Germany, and has been backed by a 6.5 million grant from the German government’s Energy Storage Funding Initiative.
Energy storage could be a very attractive prospect for users of photovoltaic energy, particularly in markets where electricity retail costs are high.
Green Charge Networks’ intelligent energy storage solutions complement solar PV, electric vehicle charging and energy efficiency strategies.
The grid-connected energy storage market will increase from 340 MW in 2013 to more than 6 GW in 2017, according to IHS. The U.S. is set to lead the sector.
The upcoming World Future Energy Summit will examine the policies and technologies needed to reduce energy consumption, with smart metering among this year’s main showcases.
The U.S. Department of Energy report identifies the challenges facing the widespread use of storage solutions, including cost, safety and industry acceptance.
The electronics giant plans to sell solar power to residents at lower prices than utilities. Toshiba will initially install 3 MW serving 750 apartments with the aim of increasing capacity to more than 100 MW by 2016.
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