The US energy secretary, Ernest Moniz, believes the advances being made in storage technology means that the country will be completely decarbonised by the 2050s.

A global race, seen initially in Europe and the US is leading to a rapid acceleration in innovation that may dispense with the need for nuclear and thermal power by that time according to the technology’s backers, as the Achilles heel of intermittency will no longer impact on the overall effectiveness of renewables.

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Stem, one of the leading providers of commercial energy-storage systems, just added $100 million in new financing from energy infrastructure investor Starwood Energy Group. Stem’s project financing resources now top $350 million.

It’s going to take many billions in project financing to move the energy storage market from nascent to material — and Stem now leads in the ability to direct capital to commercial behind-the-meter storage projects. The deployments aim to combine big data, analytics and energy storage to benefit the ratepayer as well as the grid operator. 

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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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