Rooftop solar could potentially be the catalyst for a new surge in energy storage installations. Ten years ago, solar was dominated by rooftop installations. Then developers and utilities hit on the idea of building utility-scale projects, and kickstarted the booming market we see today.
NextEnergy Solar Fund (NESF) has become one of the latest players to make a bold move into the UK energy storage market. Last week it was revealed that NESF has entered into a £100m joint venture partnership (JVP) with battery storage specialist Eelpower.
Could zinc batteries usurp lithium-ion’s strong market position and become the storage technology of choice? The potential certainly exists and Enzinc CEO Michael Burz is on a mission to make it happen.
Technology company ABB, which reported revenues of $26.1 billion in 2020, has focussed its energy storage investment strategy on research and development as it seeks to capitalise on a rapidly expanding global storage market that will be valued at almost $20 billion by 2027.
With $12bn of assets and a 4.5GW portfolio of solar and battery projects, Arevon Energy is well-placed to make a major impact in energy storage.
It is four weeks since a Tesla Megapack caught fire during testing at one of the world’s largest battery storage projects. On 30th July, a 13-tonne lithium-ion battery at Neoen’s 300MW Victorian Big Battery complex in southeast Australia – which has not yet been switched on – erupted into a four-day blaze.
Consumers Energy, Michigan’s largest energy provider, has become a relatively recent convert to energy storage but wants to establish itself as a pioneer.
India’s battery storage market has been dubbed “a sleeping giant”. That’s the view of the Institute for Energy Economics & Financial Analysis (IEEFA), which has highlighted the significant potential for developing a massive amount of storage capacity in the country.