Over 50,000 solar storage systems are now installed in Germany
The increase in new installations was mainly due to a 40% drop in prices over the past three years. German solar association Bundesverbands Solarwirtschaft expects their number will double to 100,000 in 2018.
Elon Musk throws down “serious” challenge to tackle South Australia’s energy crisis
Tesla founder Elon Musk has thrown down a challenge to the Australian government, saying that he can build a battery array capable of resolving South Australia’s energy stability issues within 100 days. Musk took to social media to make the challenge, saying that Tesla could develop a 100 MWh system to stabilize the state’s electricity network, within 100 days of a contract being signed, or that he’ll provide it for free.
Aquion files for Chapter 11 bankruptcy
After losing money for the past two years, the saltwater battery storage company couldn’t raise enough new capital to meet its debt obligations, leading to the filing in the U.S. Bankruptcy Court for the District of Delaware yesterday.
Belectric installs 15.9 MWh storage system in eastern Germany
The German EPC contractor is currently installing the largest battery storage system in Saxony, eastern Germany. The battery is expected to come online in the second quarter of this year.
Australian Battery storage held back by ignorance of regulators, ministers
Leading battery storage developers have expressed their frustration that ignorance among regulators and energy ministers is holding the technology back, despite it being cost competitive.
SolarWorld creates JV for its lithium mining project in Germany
The German solar manufacturer announces partnership with Bacanora Minerals for mining lithium in the Ore Mountains near the company’s Freiberg site; JV to be called Deutsche Lithium GmbH.
sonnen to open new manufacturing and R&D hub in Atlanta, US
Production at the InnovationHub expected to commence in the second quarter of the year, the German storage specialist confirmed. Facility combines sonnen’s U.S. manufacturing operations and product research capabilities.
Mercom: Battery storage funding shifts to deployment
The latest report by Mercom Capital shows that while debt and public market financing for battery storage companies declined in 2016, that battery storage project funds raised $820 million during the year.
Ireland emerges as Europe’s storage lab
A recent presentation at the European Union-funded Grid and Storage workshop in London showcased why Ireland has emerged as Europe’s energy storage lab, and might soon comprise an active storage market.
