Utility Scale Storage

Property developer Tokyu Land has revealed plans to pair 92 MW of solar with 25.3 MWh of lithium-ion storage capacity on the northern Japanese island of Hokkaido, in cooperation with Mitsubishi UFJ Lease & Finance and Green Power Development Corp. of Japan.

The Swiss developer of power electronics and storage solutions for the clean energy sector will install a 2 MW battery to support the 90 MW Burbo Bank offshore wind farm in the U.K., and has also secured a supply contract to install its solar inverters at 750 Indian railway stations.

China’s BYD has recorded a profit attributable to owners of the company of CNY 1,723 million ($259.8 million) for the first half of 2017, down 23.8% year on year, as revenue from its PV and rechargeable battery business slid 15.8% from a year earlier.

BYD has agreed to supply 180 MW of PV modules to Spanish developer Cobra for use in the Guaimbe project in the Brazilian state of Sao Paulo.

A smart-grid project combining PV generation and battery storage has been unveiled in Haiti. The project is the result of collaboration between the Biohaus Foundation and relief organization NPH Germany. The project will substantially reduce the nation’s reliance on diesel generators.

Standards Australia wrapped up public consultation last week on a draft standard for battery storage, setting the stage for the development of a comprehensive framework for future deployment.

Toshiba has reported a group net loss of JPY 965.7 billion ($8.8 billion) for fiscal 2016, as its energy systems and solutions business — which which builds solar, wind, geothermal and hydropower projects, in addition to battery-based energy storage systems and smart meters — posted an operating loss of JPY 41.7 billion in the 12 months to the end of March 2017, marking a significant improvement from the preceding fiscal year.

Smart Solar has started installing 34 MW of solar on the Japanese island of Hokkaido. The project will include 14.4 MWh of lithium-ion storage capacity.

The lithium-ion large-scale battery will be the biggest in the Middle East once commissioned this year by Al Badiya, a subsidiary of Philadelphia Solar.

The analysts expect cumulative installed base of energy storage to reach 52 GW globally by 2025, up from 4 GW today. Annual revenues for grid-connected storage to reach more than $7bn by that date despite sharp price declines.