Sam Laidlaw, the former Centrica boss, has invested in a British home battery company with two other veteran UK energy executives in a sign of surging interest in disruptive solar power storage.
Mr Laidlaw has backed Moixa Technology, a small London-based company that makes briefcase-sized battery systems that can store electricity from solar panels and sell it to the grid.
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A discussion paper released at Intersolar North America last week suggests the demand for energy storage in the USA could significantly boost solar power jobs in the near future.
The Solar Foundation estimates approximately 27,000 solar and battery storage related deployment jobs in 2021 in the USA, including 9,000 storage installation jobs tied to solar, and 18,000 solar installation jobs that would not occur if storage was not available.
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A world running on batteries is a dream or a nightmare vision, depending on your literary preferences. Sci-fi enthusiasts would probably applaud such a vision becoming a reality. Stephen King fans would likely recall The Tommyknockers and shudder at the thought of post-human mutants whose lives run on batteries.
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Change is coming to the energy landscape. A transition to a new energy economy is happening. In a country like Australia – awash with energy both under and above the ground – this transition could be rapid and profound. There is a lot to lose for those who can’t keep pace.
Last month the government committed $1bn to the Clean Energy Innovation Fund. The fund will have “the primary purpose of earning income or a profitable return” on debt and equity extended to renewable energy, energy efficiency and low-emissions technologies. While many will argue the right way for that money to be used, investment like this is well timed.
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The market value for residential, commercial & industrial and utility-scale battery systems will reach $6 billion in 2026, as analysed in IDTechEx’s brand new report Stationary Batteries for Residential, Commercial, Industrial and Utilities 2016-2026: Market, Opportunities, Players .
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A new report has been published with the aim of decoding complex market opportunities for UK energy storage and explain what is needed to drive cost-effective investment.
The report, entitled Cracking the code: A guide to energy storage revenue streams and how to derisk them makes a series of far-reaching recommendations to level the playing field for rapidly developing energy storage technologies – some of which are locked out of current market arrangements. It also seeks to tackle head-on the primary risk holding back the roll-out of energy storage: securing a bankable revenue stream.
The Solar Foundation recently released a paper at Intersolar North America about how the growth of energy storage could impact solar jobs in the United States. One figure within the paper which particularly jumps out is the estimate that by 2021, there could be 27,000 jobs related to solar and energy storage. This number includes 9,000 energy storage jobs linked with solar, and about 18,000 solar jobs which would not be available without the presence of energy storage.
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Co-sponsor of a US senate bill to establish investment tax credits for business and home energy storage use, US senator Martin Heinrich says the proposed Energy Storage Tax Incentive and Deployment Act will ensure federal government policy supports integration of emerging storage technologies into the country’s energy grid.
The US Energy Storage Association proclaimed this week that extending the investment tax credits (ITC) to energy storage was critical to acceleration of the country’s transition to a “flexible, efficient and resilient US electric grid”.
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read moreOne Maritime Plaza, an office tower in San Francisco’s Financial District, will have a 500 kilowatt/1,000 kilowatt-hour Advanced Microgrid Solutions energy storage system installed. Tesla Powerpack batteries will be used in the system. The building has 25 floors of office space and is 398 feet tall; its owner is Morgan Stanley Real Estate. (Advanced Microgrid Solutions is located in San Francisco, not too far from the Financial District.)
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Greensmith Energy, one of the largest providers of energy storage software and integration services, announced the North American launch of its behind-the-meter energy storage solution, Omni4. The Greensmith Omni4 solution is a distributed energy storage platform bundled with the industry’s most advanced software controls to maximize a complete range of behind-the-meter and microgrid applications in multiple sizes—including fleet aggregation.
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