Nearly 500 MW of large batteries installed on the US grid in three years (w/ chart)
The latest report from the U.S. Department of Energy finds an acceleration in the deployment of batteries, dominated by lithium-ion technology.
SUSI to provide $94.3 million to back Canadian storage projects
A fund managed by Swiss investment firm SUSI Partners AG has agreed to provide C$120 million (US$94.3 million) of financing to a unit of energy storage developer NRStor for lithium-ion storage projects in Canada.
Dutch researchers unveil li-ion battery capable of 50% more energy
ECN spin-off LeydenJar has developed a lithium-ion pouch cell prototype that increases the storage capacity of rechargeable batteries by 50%. With these advances devices such as electric cars, smartphones, laptops and other battery-based products can enjoy longer durability, they claim.
Interview: India’s storage market readies the ground for growth
The executive director of the India Energy Storage Alliance (IESA) Rahul Walawalkar, talks to pv magazine about India’s vast energy storage potential ahead of next week’s World Energy Storage Day.
NEC unit to install 18 MW storage system in Switzerland
NEC Energy Solutions (NEC ES), a wholly owned U.S. subsidiary of Japan’s NEC Corp., has agreed to provide an 18 MW, 7.5 MWh energy storage system to renewables-focused Swiss utility Elektrizitätswerke des Kantons Zürich (EKZ).
BYD posts $260 million H1 profit as solar sales sag
China’s BYD has recorded a profit attributable to owners of the company of CNY 1,723 million ($259.8 million) for the first half of 2017, down 23.8% year on year, as revenue from its PV and rechargeable battery business slid 15.8% from a year earlier.
Panasonic’s Q1 profit widens to $445 million
Panasonic reported a net profit attributable to shareholders of ¥48.8 billion ($445.1 million) in the first quarter of the current fiscal year — up sharply from ¥29.2 billion a year earlier — despite a decline in sales of its solar panels.
Smart Solar begins building 34 MW in northern Japan
Smart Solar has started installing 34 MW of solar on the Japanese island of Hokkaido. The project will include 14.4 MWh of lithium-ion storage capacity.
Lithium-ion batteries below $200/kWh by 2019 will drive rapid storage uptake, finds IHS Markit
The analysts expect cumulative installed base of energy storage to reach 52 GW globally by 2025, up from 4 GW today. Annual revenues for grid-connected storage to reach more than $7bn by that date despite sharp price declines.
Itochu launches residential lithium-ion battery in Japan
The Japanese trading firm has started selling its new Smart Star L lithium-ion storage battery system for the Japanese residential PV market. It has designed the system in cooperation with Yokohama-based manufacturer NF Corp.
