New Iron Flow Battery Company Makes Big Claims About Cost. Will It Prove Itself?

on April 6, 2016

greentech mediaElectric Fuel Energy and its parent company are making some bold claims about a new flow battery. If they can live up to those claims, other flow battery companies may have some stiff competition.

Flow batteries provide long-duration electrochemical storage with the promise of 10-hour-plus discharge times.

“Flow batteries are particularly suited for applications that require long-discharge durations, such as load-shifting. The majority of flow battery deployments in the U.S. thus far have been utility-scale systems,” explained Brett Simon, a storage analyst with GTM Research.

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GreenTech MediaNew Iron Flow Battery Company Makes Big Claims About Cost. Will It Prove Itself?

What the Federal ITC Extension Means for the US Energy Storage Market

on April 5, 2016

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While an obvious boon for the U.S. solar market, the recent extension of the federal Investment Tax Credit may also offer a promising boost to the U.S. energy storage market. According to the recently released U.S. Energy Storage Monitor, GTM Research expects an additional half a gigawatt of storage paired with renewables to come on-line between 2016 and 2020, compared to a scenario with no tax credit extension.

Though storage alone doesn’t qualify for the ITC, if installed with solar PV or wind, energy storage systems historically have been able to claim tax credits, as long as they meet certain requirements. As such, the 30 percent tax credit will create a significant opportunity for energy storage suppliers that are active in the U.S. market.

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GreenTech MediaWhat the Federal ITC Extension Means for the US Energy Storage Market

ElectrIQ Is the Latest Company to Offer a Battery Solution for US Homes

on March 29, 2016

greentech media

There’s a new battery startup on the scene angling to take a piece of the home energy storage market.

Palo Alto-based ElectrIQ Power offers a 10-kilowatt-hour lithium-ion battery, a hybrid DC-to-AC inverter, a DC-to-DC converter, an intelligent battery management system, and a high frequency energy meter all wrapped up in a single package.

The IQ System is paired with a cloud-based dashboard that allows customers to monitor energy use and make informed decisions about their consumption. The embedded software system can also learn usage habits and automate home energy savings.

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GreenTech MediaElectrIQ Is the Latest Company to Offer a Battery Solution for US Homes

How Soon Can Tesla Get Battery Cell Costs Below $100 per Kilowatt-Hour?

on March 26, 2016

greentech media

Where does the lithium-ion battery industry — and most notably, Tesla/Panasonic — stand today on battery costs?

Solar veterans will recall a time not so long ago when the industry’s biggest dream was a PV module with a cost of 99 cents per watt. Obviously, the solar industry has long left that figure in the dust — module costs of 40 cents per watt are a reality in today’s market.

In fact, the 99-cent figure was more a VC-funding, press-ready construct than a real economic calculation.

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GreenTech MediaHow Soon Can Tesla Get Battery Cell Costs Below $100 per Kilowatt-Hour?

Germany’s Second-Biggest Utility Plans to Launch a Residential Solar-Plus-Storage Offering

on March 15, 2016

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Germany’s second-largest energy company, E.ON, is planning to launch a residential PV-plus-storage offering for the German market in April, the company has confirmed. The product will be based on Solarwatt’s MyReserve battery systems, which went on sale last year.

“We will collect feedback from the market and from customers, and then fine-tune the product,” said E.ON’s vice president of battery systems, Eliano Russo. “The final launch will be in September.”

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GreenTech MediaGermany’s Second-Biggest Utility Plans to Launch a Residential Solar-Plus-Storage Offering

How Distributed Battery Storage Will Surpass Grid-Scale Storage in the US by 2020

on March 15, 2016

greentech media

In 2020, America’s energy storage market will likely surpass 1.6 gigawatts — making it 28 times bigger than it was in 2015.

The U.S. market in 2020 will be defined not just by higher volumes, but by diversity in project types. While large storage projects on the utility’s side of the meter currently dominate deployments, smaller batteries in homes and businesses on the customer’s side of the meter will become the biggest segment in terms of capacity in the next four years.

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GreenTech MediaHow Distributed Battery Storage Will Surpass Grid-Scale Storage in the US by 2020

National Grid to Launch a First-of-Its-Kind Solar Marketplace

on March 11, 2016

greentech media

This spring, National Grid will launch a new online marketplace that allows customers in Rhode Island to shop for solar and receive an incentive for improving energy efficiency at the same time.

SolarWise Rhode Island is part of National Grid’s 2016 Rhode Island Renewable Energy Growth Program, which launched last year. The initiative will help the state meet its goal to increase the amount of electricity generated by customer-owned equipment by 160 megawatts over a five-year period.

National Grid is partnering with EnergySage to deliver the SolarWise program. Through EnergySage’s online marketplace, customers will be able to compare solar options for their home or business and receive competitive quotes from preapproved installers. National Grid is the first electric utility company in the nation to offer a transparent platform for the purchase of distributed solar.

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GreenTech MediaNational Grid to Launch a First-of-Its-Kind Solar Marketplace

US Solar Market Sets New Record, Installing 7.3GW of Solar PV in 2015

on March 10, 2016

greentech media

In yet another record-breaking year, the solar industry in the United States installed 7,286 megawatts of solar PV in 2015. GTM Research and the Solar Energy Industries Association announced the historic figures today ahead of the March 9 release of the U.S. Solar Market Insight report.

For the first time ever, solar beat out natural-gas capacity additions, with solar supplying 29.5 percent of all new electric generating capacity in the U.S. in 2015. Led by California, North Carolina, Nevada, Massachusetts and New York, the U.S. solar market experienced a year-over-year growth rate of 17 percent. Geographically, the market continues to diversify with 13 states installing more than 100 megawatts each in 2015.

States that made major solar strides include Utah, which jumped in the rankings from 23rd to 7th place, and Georgia, which moved from 16th to 8th in the nation.

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GreenTech MediaUS Solar Market Sets New Record, Installing 7.3GW of Solar PV in 2015

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