Energy Storage

The evolving outlook for project finance, as well as the gradual maturation of technologies, such as blockchain, present new challenges and opportunities for renewables, EY says in its latest Renewable Energy Country Attractiveness Index (RECAI) report. Uncertainty in the sector continues to drive a “relentless focus on cost” to soften the impact of protectionism, subsidy cuts and rising interest rates throughout the world, it adds.

SolarEdge has announced the launch of a new virtual power plant solution promising grid services and reducing the necessity for costly grid infrastructure investments.

The Chinese authorities plan to use renewable energy technologies to provide all of the electricity that will be consumed in a new economic zone that is being developed near Beijing, according to local state media reports.

Inaugural global energy storage report by GTM Research finds that Australia’s behind-the-meter storage market tripled in 2017, while the U.S. remains the world’s leading market with an installed energy capacity of 431 MWh. China poised to rise to second place globally in 2019.

Scientists from the University of Wollongong in Australia have developed battery cells based on sodium-ion technology, which the university says can achieve excellent cycling stability and easily be scaled up for mass production.

Shell’s new report shows a world where solar meets the largest portion of primary energy demand as soon as 2050.

‘Unprecedented challenge’ for fossil fuels as low LCOE for solar and wind power, allied to tumbling storage costs, sees renewables claim larger share of bulk and dispatchable generation while adding vital flexibility to global energy mix.

IHS Markit’s senior market analyst for energy storage Julian Jansen discusses the role that South Korean battery producers play in the global storage chain, and sees reasons to be bullish for Europe’s own storage market.

If you were unable to make it to Düsseldorf for the recent Energy Storage Europe exhibition and conference, fear not: this 12-minute video tour brings you all you need to know about the latest tech, service and product developments in the European storage space.

Praveen Kathpal, Fluence’s VP of Market Applications, explains how the newly formed company – a collaboration between Siemens and AES – is providing flexible peaking capacity to utilities in Southern California, and hears how Europe offers an opportunitiy for the integration of storage into transmission and distribution planning.