What will be the biggest causes of headaches for energy storage executives in the coming year? Here Energy Storage Report brings you a breakdown of five of the most significant challenges facing the energy storage industry.
As energy storage becomes increasingly recognised by investors as an asset class in its own right, law firms are looking to establish themselves as experts in this rapidly emerging sector. Accordingly, a number of firms are developing a track-record as specialists in the field.
If you’re looking for a great energy storage investment opportunity in Europe, the UK could be your best bet. That’s the view of Bob Psaradellis, CEO of pan-European renewable energy investment platform Renewable Power Capital, which entered into a joint venture with UK battery storage company Eelpower last month.
Some of the biggest asset management firms in the world have recently made some notable acquisitions in the energy storage sector. Blackrock, KKR and Carlyle are among the heavy-hitters who have added storage assets to their portfolio. The deals have highlighted the broad appeal of all types of storage, whether that be massive industrial assets or smaller community-based storage portfolios.
It’s anticipated that the introduction of the Inflation Reduction Act (IRA) will lead to a dramatic increase in the deployment of energy storage in the US. However, transmission interconnection is proving to be a major challenge.
With a market cap of around $2 billion, NYSE-listed Stem Inc is viewed as one of the market leaders in the provision of software for optimising energy storage assets. Energy Storage Report spoke to Stem’s chief technology officer Larsh Johnson to get the lowdown on the company’s offering, and also understand why it’s important to accurately model revenue streams and system performance over the long term.
Long duration energy storage – that is, technologies that can store power from half a day to a week – have the potential to play a major role in the development of a net zero world, but it’s a technology that society has, so far, failed to capitalise on. Why? There are a number of factors involved - however, perhaps the main problem is that governments are failing to provide sufficient policy support.
Two weeks ago, the Biden-Harris administration revealed the details of its plan to “supercharge” the manufacturing of batteries for energy storage and electric vehicles in the US. Here, Energy Storage Report brings you the lowdown on each of the 21 projects that will be funded to the tune of $2.8 billion in an effort to achieve this goal.
We urgently need to find ways to make viable batteries using raw materials other than lithium, cobalt and nickel.
The US state of California is widely recognised as having one of the world’s most vibrant energy storage markets. It’s a part of the world that is brimming with storage evangelists and, consequently, it was no surprise that a report published earlier this year highlighted California as the US state with the most battery storage capacity in development, with a total of 5,773MW.
By how much will storage investment increase this year? Which region of the world offers the biggest opportunity for storage investors? And could the V2X [vehicle-to-everything] sector offer benefits for energy grids? These were among the questions asked, and the issues debated, at the Energy Storage Global Conference – organised by the European Association for Storage of Energy (EASE) – in Brussels this week.
Last week saw Intersect Power confirm the $3.1 billion financial close of one of the US’ largest ever solar-storage portfolios. Who were the individuals responsible for putting together what is not only one of the largest financings of its kind, but also one of the most innovative?