Energy Storage

Solar DAO, a digital, autonomous, closed-end, utility-scale PV project investment fund, has announced its partnership with Powerchain, decentralized platform for energy storage, which allows prosumers to buy, store and sell energy.

The South Australian government will launch its Home Battery Scheme in October, which will offer South Australians subsidies of up to AU$6,000. In the wake of the government’s announcement, the German storage provider has revealed plans to manufacture up to 50,000 battery storage units at the former Holden site in Elizabeth, creating hundreds of jobs.

Following hot on the heels of Exide Industries, traditional battery maker, Indian-based Amara Raja Batteries Limited has said it will set up a 100 MWh lithium ion assembly plant in Andhra Pradesh. The company aims to establish a foothold in the energy storage market for electric vehicles.

The U.S. state’s recent passage of SB 100 and SB 700 is expected to spur a boom in solar and behind-the-meter battery deployment. pv magazine has done the math on what we can expect.

Wood Mackenzie projects that the U.S. energy storage market will reach well over US$500 million in sales this year, following on 61.8 MW / 156.5 MWh of installations during the second quarter. Residential storage has grown at 61% per quarter since Q1 2017.

A utility survey shows battery storage capacity growing sharply, including solar + storage installations in several U.S. states. Looking ahead, FERC Order 841 could spark extensive new storage for grid services, helping more utilities become familiar with storage and its benefits.

A U.S. bill to extend the SGIP program through 2026 and add nearly 3 GW of behind-the-meter energy storage has passed the California Assembly. It will now go to the Senate to be reconciled before going to Governor Jerry Brown.

The U.S. Trade and Development Agency (USTDA) has awarded a US$1.2 million grant for a feasibility study assessing the viability of an up to 100 MW solar PV plant, coupled with storage, in Mozambique.

The company’s shares have returned to a level slightly above where they were prior to the August 7 announcement.

The U.S. Trade and Development Agency (USTDA) has approved a grant supporting the technical design and project planning work for IL&FS Energy Development Company Limited’s (IEDCL) 41 MW hybrid wind, solar and energy storage power plant in Andhra Pradesh.