Sunverge to build VPP project for TEPCO in Japan
Sunverge Energy has revealed plans to install “dozens” of energy storage units in eastern Japan, as part of a virtual power plant (VPP) project under regional utility Tokyo Electric Power (TEPCO).
GE slashes 12,000 jobs in response to changing power markets
GE Power has announced 12,000 jobs will go as part of its effort to cut structural costs by US$3.5 billion. Part of the reason for the move is the strong growth of renewables, and a softening of traditional power markets. Storage is said to be a “mega trend”.
Czech Republic sees 1 MW storage project, plans for 10 MW more
A 1.2 MWh battery energy storage system (BESS) has been installed in the Czech Republic by Solar Global and Alfen. Plans for another, 10 MW, project have been revealed.
UK could reach 12 GW storage capacity within five years, report finds
Lessons learned from solar failures could propel battery storage market to 12 GW by 2021, argues report by All-Party Parliamentary Group on Energy Storage, which implores government to be “on the front foot” when it comes to seizing ways to ensure energy security for the nation.
RENA leans on solar knowledge to develop mass etching process for lithium-ion batteries
German PV equipment manufacturer to team with Kiel University to develop scalable production of silicon anodes to boost lithium-ion battery performance.
Elon Musk comes good on 100-day, 100 MW South Australia battery promise
The Tesla chief laid down the gauntlet earlier this year, confidently tweeting that his team could have the world’s largest battery online within 100 days of signing the contract. The lithium-ion South Australia project was actually completed in 60 days.
BNEF summit: Low solar prices spreading spending doubt among Tier-1 firms
Trina Solar may scrap planned Indian PV fab amid tumbling prices driven by solar auctions, reports Bloomberg New Energy Finance during its Shanghai summit. Demand for lithium, meanwhile, poised to reach record high on back of expected EV growth.
UK government backs national battery facility to tune of £80m
Partnership between Coventry City Council, University of Warwick’s WMG and Warwickshire Local Enterprise Partnership to receive sizable investment from British government to build and maintain world-leading storage research and production facility.
Germany develops hybrid compensation plant system combined with storage, converter
In the system, the research team combined energy storage with a very powerful converter that can influence the signal flow in the power grid. This should help reduce the number of individual systems that are used for system services and expand the use of storage.
Global storage market to double six times by 2030, BNEF reports
Global cumulative storage deployment will double six times between 2017 and 2030 to reach 125 GW/305 GWh, with as much as $103 billion pouring into the sector, finds new report by Bloomberg New Energy Finance.
