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.
EV growth gives lithium-ion batteries cost edge in stationary storage, finds Lux Research
The growing demand for affordable electric vehicle batteries is driving cost reductions in lithium-ion battery technology, which is beneficial for affordable stationary storage, finds new Lux Research report.
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.
Tesla launches Powerwall 2, says all solar homes will have storage
Tesla has officially launched its range of second generation home and grid-scale battery storage products in Australia, with installations of the company’s fully integrated, 14kWh residential Powerwall 2 units to begin in homes throughout the country next month.
Manz expects to return to profitability this year
Large orders for the solar segment are expected to enable the company to return to profit in 2016. Last year, Manz was able to slightly increase its revenue, although it is still struggling with losses.
U.S. energy storage MWhs double in 2016
A rush of projects to make up for grid resources lost with the Aliso Canyon gas leak boosted energy storage deployments to a record level in Q4.
Schneider, Acquion unveil storage project in southern Japan
Schneider Electric and Aquion Energy have revealed plans to lead a group of companies in pairing a 122 kW solar system with storage capacity in Kagoshima prefecture.
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.
Australia has 4.7 GW of large-scale solar in the works, finds new Climate Council report
Key findings of report point to “huge” year for large-scale solar in Australia in 2017, with 20 such plants to come online over the next 12 months. Globally, costs have dropped 58% in five years, with the world now sitting on 300 GW of installed PV capacity.
Leclanché storage pipeline grows to 450 MWh as 2016 revenue rises 56%
The Swiss vertically integrated storage solutions company reports 2016 annual revenues of $27.6 million and 2017 order backlog of 85 MWh of new utility-scale storage projects.
