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 .

Click Here to Read Full Article

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 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.

Click Here to Read Full Article

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”.

Click Here to Read Full Article

One 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.)

Click Here to Read Full Article

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.

Click Here to Read Full Article

The economics behind commercial energy storage options are growing in popularity, according to new figures from GTM Research, and are set to be increasingly attractive in the coming years.

A new report from GTM Research, The Economics of Commercial Energy Storage in the US, analyzed rate structure across 51 utilities across the United States, assessing the opportunity for demand charge management for commercial storage customers. Demand charge management is the use of batteries to charge on electricity during low-demand, and therefore low-price periods, so that consumers can discharge the battery, or use its contents, in high-demand, high-cost periods.

Click Here to Read Full Article

Energy storage would gain access to the same tax incentives that helped make renewable energy the biggest new source of electricity in the U.S. last year under a bill introduced in the Senate.

Batteries like the lithium-ion ones in phones and electric vehicles would be eligible for the tax incentives when connected to the utility grid at homes and businesses under a bill introduced Tuesday by Democratic Senator Martin Heinrich from New Mexico. The bill has eight co-sponsors including Dean Heller, a Nevada Republican, according to a statement.

Click Here to Read Full Article

HERNDON, Va.–(BUSINESS WIRE)–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 Omni⁴solution 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.

Click Here to Read Full Article