The international market for stationary battery storage systems (BSS) is growing rapidly. Within less than a decade, grid-connected BSS have evolved from a niche product to a mass market in which today international energy and automotive companies are competing for market shares. According to a recent study by BloombergNEF, almost 4GW of new battery storage
We are pleased to announce the launch of our new PowerBanx X35 home battery storage system, now available to order. It builds on the success of our PowerBanx X series, combining its ease of use and value for money with a much greater maximum capacity and lower cost per kWh. The X35 uses the
The lithium ion battery market is experiencing growth on all sectors, including consumer and industrial applications, electric vehicles, and stationary energy storage systems (ESS). In fact, there are estimates that the market will double or even triple in size by 2030. This growth is coupled with declining prices, with prices having fallen as much as
The world has watched on as some of its leading regional markets, China, South Korea, Australia, Japan, parts of the US, the UK, and many parts of Europe have raced ahead in deploying energy storage in the last five years, mostly, but not only, lithium-ion batteries. IHS Markit says that the US in 2019 will
Between April 1 and June 30, 2019, behind the meter residential energy storage in the US experienced its greatest increase in history — 35 megawatt-hours, according to a new US Energy Storage Monitor report from Wood Mackenzie Power & Renewables and the US Energy Storage Association. That represents a 20% increase from the same quarter
Solar panels and battery storage may have started out as the unlikely couple but are becoming more and more inseparable in todays’ world. But just as the ups and downs of finances impact a relationship, so do the sinking costs of solar and storage. Here, they are helping make the marriage of the two not
Additions of new residential energy storage capacity in the United States reached a record high in the second quarter of the year, exceeding 30 MW, a new report by Wood Mackenzie says. The market for energy storage in the country is growing fast, the authors note, driven by customer interest and government incentives. In May
Imagine this scenario for a moment: It’s a nice day out. The sun is shining beautifully and you’re at the beach. You can feel the sand between your toes, the gentle breeze carrying the scent of salt to your nose as it passes through your hair. The water is gently flirting with the shore in
On August 9, a thunderstorm caused 1.5 GW of generation capacity to go offline within seconds in the U.K. The incident caused millions of households to temporarily lose power but the situation could have been considerably worse if not for the country’s battery storage reserves. Renewable energy company RES claims to have averted disaster in
Under the new law proposed by HM Revenue and Customs, the VAT for new solar and energy storage products will increase from 5% to 20% from October The government is being urged to stop the proposed VAT increase for solar and battery storage technologies by industry, environmental groups and more than 17,500 people. Under the