Sharp is relying on financial nous as well as technical expertise to improve the numbers for commercial and industrial energy storage in the US.
Tricks such as providing financing packages or bundling storage with solar to take advantage of investment tax credits are helping to make projects more viable, said Carl Mansfield of Sharp’s Energy Systems and Services Group.
The moves are in response to complications with California’s Assembly Bill 2514 incentive scheme, he said.
Earlier this year, “one of the things that changed in California was that the incentive programme became log-jammed,” said Mansfield, who is general manager and founder of the Energy Systems and Services Group.
“We’ve been working through the past several months with models where the deployment doesn’t really need that incentive in order to be viable.” Read more →
SmartStorage, the Sharp energy storage system, is being targeted at the commercial market as Sharp see no value in utility and residential energy storage in the US for now. Photo credit: Miyuki Meinaka
Sharp is aiming to make around USD$100m from the commercial energy storage market in the next couple of years, according to a senior US executive.
Sharp’s Energy Systems and Services Group general manager and founder, Carl Mansfield, told Energy Storage Report the company already has a pipeline of up to 400 customer sites under review.
Last week the electronics giant unveiled a 30kW installation with Baker Electric, one of its US energy storage channel partners.
Sharp, which launched its SmartStorage product line last year, is also eyeing expansion of its US-based energy storage products into Japan, Mansfield said. “We are in the process of adapting this product for the Japanese market,” he confirmed.
He said Sharp believes there is “a pretty big opportunity for commercial demand response based on batteries.” Read more →
Discovered by scientists at Manchester University in 2005, graphene has a wealth of potential applications related to both renewables and energy storage – as well as flexible electronics and opto-electronics, and much more.
It is also having a lot of UK government money thrown at it, according to the BBC. The UKP 21.5 million promised by British finance minister George Osborne will come from an earlier funding allocation, and – it is hoped – will be matched by another UKP 14 million from industry and universities.
Amongst the commercial partners will be Nokia, BAE Systems, Procter & Gamble, Qinetiq, Rolls-Royce, Dyson, Sharp and Philips Research.