Energy storage systems were historically used for grid balancing purposes within Europe, limiting their use to such applications or to be considered as “auxiliaries” to renewable generation assets. However, as market prices evolve and new revenue streams emerge, stakeholders must discover the diverse applications that such systems can tap into, writes Naim El Chami
Deploying at least 247GW of rooftop and community solar and 160GW of local energy storage is the most cost-effective way for the US to transition to a clean energy system by 2050, a new report has found.
A round-up of the latest news in solar project development, as juwi hits 3GW installed PV milestone, Greencells makes further progress in the Netherlands and plans for a Cambodian solar-plus-storage microgrid are announced.
Aurora Solar, a US start-up that has developed software to assist in the remote design and sale of PV systems, has raised US$50 million in series B funding.
Lots for PV projects on dams and beside motorways are set to be included in Portugal’s third solar tender, the country’s state secretary for energy, João Galamba, has said.
Chilean authorities have announced plans to carry out an auction next year, looking to procure 2,310GWh of renewable power from generation and storage.
The US renewables industry must double down on efforts to overcome energy storage financing issues so the technology can help supplement the country’s PV ramp up, it was suggested at a Solar & Storage Finance USA event.
Sunrun will aggregate home solar-plus-storage systems into a virtual power plant (VPP) capable of providing 5MW of grid support, with California utility Southern California Edison (SCE).
US policymakers should explore the possibility of scrapping the investment tax credit (ITC) for solar PV and instead offer fiscal support for battery storage systems, an energy finance executive has said.
