In June, the Obama administration announced a new series of policies and investments aimed at boosting U.S. energy-storage capacity. They say energy storage will play an integral role in reaching America’s renewable energy goals and can, ultimately, help fight climate change. Several companies were highlighted in this announcement for their commitments to invest in storage in the next 10 years.

We at Sunrun, were honored to be a part of this commitment – and here’s why.

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The advanced energy storage systems market size may reach USD 7.17 billion by 2022 and exceed 11 GW, according to a new research report by Global Market Insights, Inc. (Independence, OH, US).

Asia pacific is forecast to witness highest gains at 15.8% CAGR up to 2022. Rising industrialization accompanied by enhanced consumer lifestyle in India and China are major reasons foster regional growth, says Global Market Insights.

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The federal government operates a vast network of office buildings, and they could soon become a massive new client for energy storage.

The General Services Administration, which oversees 10,000 workspaces for more than 1 million federal employees, announced at a White House summit in June that it would investigate the potential for storage on its buildings. That request for information will go out by mid-September and could lead to projects starting next year, GSA Chief Sustainability Officer Kevin Kampschroer said in an interview last week.

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South Korea’s largest utility has contracted battery developers Kokam to build a 36MW energy storage system at its Non-Gong substation in the south of the country.

The agreement, which was announced on Monday, will see the firm install two different lithium ion battery technologies on behalf of Korea Electric Power Corporation (KEPCO) to help balance supply and demand.

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On Monday, Gov. Charlie Baker, R-Mass., signed into law a bill to further diversify Massachusetts’ power mix with clean energy resources. Although it focuses mainly on large procurements of offshore wind and hydropower, the legislation also includes a significant provision authorizing an energy storage procurement goal.

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Advanced Energy Storage Systems Market size may reach USD 7.17 billion by 2022; according to a new research report by Global Market Insights, Inc.

Increasing power consumption, driven by residential, commercial and infrastructure needs in BRIC economies accompanied by favourable regulatory compliances to use electric vehicles are key factors stimulating global advanced energy storage systems market size growth. Asia pacific is forecast to witness highest gains at 15.8% CAGR up to 2022. Rising industrialization accompanied by enhanced consumer lifestyle in India and China are major reasons foster regional growth.

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Amid falling profits and long-term questions, global oil “supermajors” need to follow in the footsteps of France-based Total – which recently bought energy storage company Saft for $1 billion – and explore opportunities not only in batteries, but also in solar and distributed generation, according to a new report from Lux Research.

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When Elon Musk unveiled his intent to acquire the solar installer SolarCity, many observers and investors balked.

Some have wondered if the deal amounts to nothing more than a bailout for the Musk-supported SolarCity at Tesla’s expense. After all, what does a car company have to do with putting modules on people’s roofs? The business models are very different.

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SEOUL, South Korea, Aug. 8, 2016 /PRNewswire/ — Kokam Co., Ltd, the world’s premier provider of innovative battery solutions, today announced that South Korea’s largest utility, Korea Electric Power Corporation (KEPCO) (NYSE: KEP), has awarded it a contract to develop a 36-megawatt (MW) system / 13-megawatt hour (MWh) Energy Storage System (ESS) for frequency regulation at the Non-Gong substation in South Korea. The project features a combination of two unique Kokam Lithium Ion battery technologies — its Ultra High Power Nickel Manganese Cobalt (NMC) battery technology and its NANO battery technology. Work on the project began in June 2016 and is scheduled to be completed by December of 2016.

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The energy-storage market will go “ballistic” in the final two months of this year, Tesla Motors CEO Elon Musk said Wednesday, when the company ramps up production of batteries he promises will be “head and shoulders above anything else I’ve even heard announced as future plans from other companies.”

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