Energy Storage
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Australia: Infigen to build PV integrated energy storage demonstration project
Infigen has begun work on a one MW photovoltaic and energy storage plant in Australias New South Wales. A first for both the company and the country, the demonstration project aims to pave the way for future utility-scale projects.
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$2 million grant awarded to develop PV-integrated storage solutions
Satcon Technology Corporation, A123 Systems, Renewable Energy Services, and the Sacramento Municipal Utility District (SMUD) have been awarded US$2 million by the California Energy Commission to work on the development of storage technologies that will help reduce renewable energy power intermittency.
US: PV installers emerge as "favorable" investment area
Solar M&A activity in the U.S. has tailed off this year compared to 2011, according to the latest figures. Despite this, photovoltaic project installers have reportedly emerged as a favorable investment area. Furthermore, energy storage M&A activity is said to have enjoyed strong growth.
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Grid storage costs to decrease
Lux Research has released a forecast that expects lithium-ion and molten-salt battery costs to fall to US$500/kWh by 2022. This is predicted to bring down the high capital cost of emerging grid storage technologies. However, it is still double the target of US$250/kWh.
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