energy storage

While seeming “tech breakthroughs” garner a great deal of media attention, the three key factors in determining the likely impact of storage tech companies are innovative technology, scalability and a proven track record, a Bloomberg New Energy Finance analyst has said.

SA Power Networks is set to issue around 100 Tesla Energy and Samsung batteries in Salisbury as part of Australia’s biggest test of combined solar and energy storage in an established community.

German lithium-ion based energy storage system maker Sonnen, says it achieved an undisclosed “seven-figure sales number” in the US in the first quarter of this year.

Canada-based renewables firm SkyPower will join China-based battery developer BYD in competitive bidding for 750MW of solar and energy storage development in India.

Manufacturing equipment supplier Manz, which regards solar and energy storage as two of its three key strategic business segments, claims recent restructuring is starting to pay off, reporting some positive developments in its latest financial reports.

French oil major Total’s €950 million acquisition of battery manufacturer Saft puts the company at the front of the pack of fossil fuel firms looking to diversify, according to SolarPower Europe CEO James Watson.

Oil and gas company Total has proposed to buy battery company Saft, which produces devices for the stationary storage industry as well as for transport and other applications.

Global maker of construction and mining equipment Caterpillar has launched an integrated micro-grid solution which combines solar PV and energy storage with the company’s power generation equipment.

The non-profit, clean energy education group, formerly known as the Solar Electric Power Association, recently changed its name to the Smart Electric Power Alliance. Along with the name change, the company has realigned its core objectives, seeking no longer to focus on “solar in a vacuum” but on the evolution of solar within a network of other technologies and incentives.

RES (Renewable Energy Systems) claims the company’s experience with structuring solar, wind and transmission finance deals has made successful financing of large-scale battery projects possible.