The 5 MW M5BAT storage system is located in Aachen, Germany, and has been backed by a 6.5 million grant from the German government’s Energy Storage Funding Initiative.
Energy storage could be a very attractive prospect for users of photovoltaic energy, particularly in markets where electricity retail costs are high.
Green Charge Networks’ intelligent energy storage solutions complement solar PV, electric vehicle charging and energy efficiency strategies.
The grid-connected energy storage market will increase from 340 MW in 2013 to more than 6 GW in 2017, according to IHS. The U.S. is set to lead the sector.
The upcoming World Future Energy Summit will examine the policies and technologies needed to reduce energy consumption, with smart metering among this year’s main showcases.
The U.S. Department of Energy report identifies the challenges facing the widespread use of storage solutions, including cost, safety and industry acceptance.
The electronics giant plans to sell solar power to residents at lower prices than utilities. Toshiba will initially install 3 MW serving 750 apartments with the aim of increasing capacity to more than 100 MW by 2016.
The company’s DemandLogic smart energy storage system has been designed to use stored energy during peak demand hours, while also providing backup during grid outages.
The company is aiming to meet growing demand for energy storage and stabilization solutions as power grids face increasing challenges in coping with ever more renewable energy. Tests are to start in the U.S. early next year.
Attendees at the 14th Forum Solarpraxis in Berlin have called for the role of renewables installations in stabilizing the electricity grid to be recognized. Grid representatives acknowledge possibilities but lament the lack of a political framework.
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