An increasing number of homeowners are investing in residential energy storage systems (RESS) solutions to reduce inconveniences associated with power outages and in some cases, reduce costs and increase their use of renewable power. This was one of the findings in a new report from Guidehouse Insights, examining the global market for RESS solutions
The U.K. needs to substantially expand its capacity for storing electricity for longer in order to maintain energy security as it shifts to greener power, according to Aurora Energy Research. As much as 24 gigawatts of long duration electricity storage -- about eight times the current installed capacity -- may be needed to help
A guest post about one of our off grid battery installs.
Octopus Energy has increased its export tariffs by 36%, as energy prices in the UK remain at record highs. As such, its Smart Export Guarantee (SEG) (export only customers) tariff has increased from 3p/kWh to 4.1p/kWh, and its Fixed Outgoing Octopus tariff has increased from 5.5p/kWh to 7.5p/kWh. The change came into force at
Investors are now becoming more comfortable with battery storage, with projects being profitable and cost-effective, according to industry experts. Speaking at the Energy Storage Network’s Annual Marketplace, Alicja Kowalewska-Montfot, commercial manager-energy storage at Gore Street Capital, said the asset owner had established a “very strong” retail base of investors, who would typically be more risk
Spiralling UK energy prices and the collapse of several power suppliers recently has illustrated the danger of over-reliance for our energy needs on large companies. And with the rise of distributed renewable power sources, such as roof top solar and battery storage, the time is ripe for a re-think of our energy systems. The
Used lithium-ion batteries taken from carmaker Audi’s electric vehicles (EVs) have been repurposed into a ‘second-life’ stationary energy storage system by energy company RWE at a project in Herdecke, Germany. RWE has deployed the system, which has a capacity of around 4.5MWh, at the site of its pumped hydro energy storage (PHES) plant at
Keep the lights on with one of these backup power sources. When you live somewhere with extreme weather or regular power outages, it's a good idea to have a backup power source for your home. There are various types of backup power systems on the market, but each of them serves the same primary purpose:
Everyone is talking about the vanishing gap between household incomes and the affordability of rooftop solar, and that’s a good thing. Throw a home battery energy storage system into the mix, though, and the gap reappears. Now add the virtual power plant model, and the gap could turn into a yawning chasm of benefits,
Confronting the key weakness of solar. Energy Dome just announced the close of its $11 million Series A funding round. The Italian company will use that new money to develop and demonstrate the technology for its CO2 Battery, which will greatly enhance solar energy storage, a press statement reveals. The CO2 battery will store