March 11th, 2016
This week’s TOP 5 includes the commissioning of Mitsubishi’s 300MWh project in Japan, the record growth of the US energy storage market in 2015, the announcement of a 1MWh project in India, a collaboration between BYD and GoodWe power to provide fully functioning residential storage systems, and the launch of a study aiming at investigating the potential for storage in India.
Foreword: Join Michael Salomon at IRENA’s webinar on Financing Energy Storage in Small island Developing States on Friday, March 18th, from 3 to 4pm (CET). Click here to register
- « Mitsubishi announced the delivery of the world’s largest energy-storage system—50 MW output and 300 MWh rated capacity supplied by NGK insulators—to Kyushu Electric Power Co. on March 3. The system is part of a pilot project to balance supply and demand via high-capacity energy-storage systems.»
- « The US energy storage market grew a phenomenal 243% in 2015, the largest year on record, according to new figures published by GTM Research.»
- « The Solar Energy Corporation of India (SECI) has invited expressions of interest for what may be India’s first utility-scale energy storage project to be combined with a solar and wind hybrid project. The tender is for 2MW of grid-connected solar and a 0.5MW wind hybrid project with 1MWh of energy storage.»
- BYD and GoodWe Power SupplyTechnology announced the full compatibility of BYD’s Storage System with GoodWe’s inverters to provide households with home energy storage.
- GE Energy Consulting will investigate the potential for integrating solar, wind and energy storage in India under a new US-backed study, which will help India design its future grid.