Solar-powered Formula E can overtake Formula 1, says Richard Branson
The Virgin tycoon believes all-electric and solar-powered racing cars will prove more attractive to sponsors and racing enthusiasts within the next four or five years.
Powervault raises $1.1m in crowdfunding for its storage platform
The U.K.-based tech startup hopes to take on Tesla in the British home storage market, and has raised 700,000 pounds on investment crowdfunding platform Crowdcube.
Smart Home Energy to grow to USD4 billion market by 2025
Embodied by devices like Nest, the Smart Home Energy market is set to exhibit impressive growth in the coming years. IHS Technology made the prediction today that the global market for Smart Home Energy devices and services will reach US$4 billion by 2025.
SMA to capitalize on GW scale PV hybrid opportunities
SMA Solar Technology AG has set up a test center at its German headquarters to optimize PV diesel hybrid energy systems. Such applications are growing in importance, says the company, which estimates an annual global growth in the single digit GW range.
Analysis: Frances island solar+storage program presents EUR100 million opportunity
Frances tender for 25 -50 MW of solar+storage projects on Frances islands and island territories will result in a market of around 100 million (US$112 million). Consultants THEnergy delivered its analysis today, concluding that it is likely more than 50 MWh of storage projects will be developed under the program.
SunEdison teams with Green Charge Networks on commercial solar+storage
PPA pioneer SunEdison has teamed up with lithium ion commercial storage provider Green Charge Networks on a commercial solar+storage offering. The two companies in particular target commercial customers where demand charges can be significantly reduced through the installation of solar+storage.
Toshiba to deliver MW energy storage system to Finland
Landis+Gyr, a member of Japan’s Toshiba Group, will supply Finland with a BESS to be integrated into the Kalasatama district’s smart energy system. The goal is to test new opportunities presented by megawatt-scale storage facilities. Around 2 million is being invested in the storage facility, which should be commissioned next spring.
US: AMS teams up with Shell Energy to install 20 MW of battery storage
Advanced Microgrid Solutions (AMS) and Shell Energy North America have signed a memorandum of understanding under which up to 20 MW of battery storage will be installed across California, the U.S.
Oxis to roll out Li-S energy storage batteries next year
Oxis Energy is gearing up to sell its energy storage batteries in 2016. The lithium sulfur (Li-S) battery developer, which unveiled a solar storage technology demonstration project in early June with Proinso, predicts a battery price of $250/kWh in 2020.
Insolvent storage manufacturer Kolibri Power renamed Colibri Energy
Kolibri Power Systems AG will continue operating under the name Colibri Energy GmbH. Despite ongoing insolvency proceedings, the energy storage company has been processing orders and developing new products.
