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Distributed Storage

UK government backs national battery facility to tune of £80m

Partnership between Coventry City Council, University of Warwick’s WMG and Warwickshire Local Enterprise Partnership to receive sizable investment from British government to build and maintain world-leading storage research and production facility.

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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.

Potential for PV to snap significant share of $40 billion distributed energy industry in frontier markets – BNEF

There is potential for solar PV and storage to snap a significant share of the distributed energy industry in frontier markets, says BNEF. Both telecoms and agriculture present interesting opportunities; SE Asia is an emerging micro grid hotspot; pay-as-you-go solar is seeing strong growth; and China is recording substantial business.

Global storage market to double six times by 2030, BNEF reports

Global cumulative storage deployment will double six times between 2017 and 2030 to reach 125 GW/305 GWh, with as much as $103 billion pouring into the sector, finds new report by Bloomberg New Energy Finance.

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Australian government to back blockchain PV, water project

The Australian government has agreed to provide AU$2.57 million (US$1.9 million) to support a two-year pilot project that will use blockchain technology to pair utility-scale and commercial rooftop PV with a battery, electric vehicle charging stations and water treatment systems in Western Australia.

Israel: 120 MW solar plant to be constructed by Belectric Isreal and Solel Boneh

Shikun & Binui Renewable Energy Ltd, the renewable energy arm of Israel conglomerate Shikun and Binui will own the plant, which will be located near the village of Zeélim.

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UK solar households could face bigger bills under controversial new grid charge plans

Plans by energy regulator Ofgem to increase network charges to households that have residential solar PV installed have been revealed in a move that could affect one million rooftops.

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Panasonic posts $1.04 billion profit in H1

Panasonic recorded a net profit of JPY 118.9 billion ($1.04 billion) for the first half of the current fiscal year, from JPY 133.5 billion a year earlier, as sales of its PV systems fell.

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Tennet, Sonnen start blockchain project for grid stabilization

The pilot phase will be implemented during a six-month period. Interconnected residential PV storage systems from Sonnen will be used to stabilize the power grid via blockchain.

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Nidec nails EPC, battery deal in Corsica

Nidec Industrial Solutions (NIS) has agreed to supply a battery energy storage system (BESS) for a turnkey PV project in Corsica.

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