PV storage market to reap $19 billion by 2017
From US$200 million in 2012, the photovoltaic storage market is projected to be worth $19 billion in 2017, mainly driven by the German energy storage subsidy, reports IMS Research. While Germany is set to lead the residential sector, Asia and the Americas will dominate the utility-scale market.
ABB acquires Power-One [Updated]
Power and automation technologies giant ABB has announced the acquisition of Power-One. With this move ABB secures its new position as one of the leading global suppliers of solar inverters.
Grid integration: India looks to Germany
Joint Secretary of the Indian Ministry of New and Renewable Energy (MNRE), Alok Srivastava seeks German cooperation to bring grid integration technology to India.
Germanys PV storage incentive program will come into force on May 1
Germany will launch its support program for photovoltaic battery storage systems on May 1. Funding totaling 25 million will be available in the first year from German state bank KfW.
Germany likely to see storage subsidies on May 1
German state bank KfW says it is ready to start support of storage systems for photovoltaic systems in early May. The green light is, however, still to come from Germanys Federal Environment Ministry in Berlin.
Manz receives 4.5 million Li-ion battery order
France-based battery manufacturer Saft has ordered 4.5 million worth of Li-ion battery cell equipment from Germanys Manz.
US: Insufficient funding for energy research
MIT Professor Dr. Ernest Moniz made his pledge at the full committee hearing held this Tuesday, which will eventually decide if he is the man to take over as U.S. Secretary of Energy. The fact the U.S. is not spending enough on energy research was highlighted during the Q&A session. Moniz added that more focus needs to be placed on solar.
Central Europe smart grid market worth $10.3 billion by 2023
The smart grid market in central and eastern Europe (CEE) will be worth a cumulative $10.3 billion by 2023, according to a report by market research group Northeast Group LLC.
Israel: Hydrogen-bromine flow battery goes online
EnStorage Inc. has developed the first ever grid-connected hydrogen-bromine (HBr) flow battery with its 50 kW battery connection at the company’s test site in southern Israel. The battery is said to provide up to 100 kWh of storage capacity.
Germany: Power exporter even with fewer nuclear plants
Germany managed to export more power in 2012 than it has in the last five years. With a net surplus of 22.8 terawatt-hours (TWh), the exported amount of energy was four times as much as that in 2011. This data was released by the Federal Statistical Office in Wiesbaden in Hesse.
