ROUNDUP: ESS Inc iron flow battery C&I deal, Hyundai-UL 2nd life collaboration, Li-Cycle SPAC merger
News in brief from around the world in energy storage.
Articles tagged with: Commercial And Industrial
Stem Inc dispatched over 500MWh energy during North American heat waves in June
Stem Inc said that its portfolio of aggregated battery energy storage systems was called into action to help balance electricity networks across four different states and provinces in the US and Canada during heat waves in June.
CleanCapital looks to Stem Inc to facilitate ‘active participation’ in US energy storage sector
Renewable energy investment group CleanCapital and artificial intelligence-driven energy storage provider Stem Inc have provisionally agreed a financing partnership for US energy storage projects of 30MW or under.
Free software to assess value of energy storage and DERs from Sandia National Laboratories and EPRI
New software that helps businesses and utilities in the US to assess the value of energy storage has been launched by Sandia National Laboratories, while the Electric Power Research Institute (EPRI) has launched its own platform for calculating the value of distributed energy resources (DERs).
Hitachi ABB Power Grids’ battery storage to be used at 214MW industrial microgrid in Thailand
Battery energy storage system (BESS) and controls technology will be provided to a “smart industrial park” project in Thailand by Hitachi ABB Power Grids.
LS Power buys distributed energy infrastructure group GI Energy and its New York battery projects
US power and energy infrastructure developer, investor and operator LS Power has bought up GI Energy, a provider of clean energy solutions for commercial and industrial (C&I) customers with projects spanning the east and west coasts.
New York utility contracts for flexible power use boost case for commercial energy storage
To reduce strain on the grid as renewable power and demand both grow, two New York utility companies have awarded contracts for flexible demand management to commercial and industrial (C&I) energy management specialist CPower.
Supermarket chain in offtake deal for Convergent’s New York community solar-plus-storage portfolio
Energy storage developer Convergent Energy + Power has signed a long-term agreement with grocery store chain Tops Friendly Market for three large-scale community solar-plus-storage facilities in upstate New York.
Thermal energy storage startup EnergyNest secures US$130 million investment
An investment worth €110 million (US$131.5 million) has been agreed by ‘thermal battery’ manufacturer EnergyNest which would make infrastructure equity investor Infracapital its biggest shareholder.
Stem Inc has tough path to profitability with SPAC merger and stock exchange listing up ahead
Stem Inc has revealed its financial results for 2020 ahead of listing on the New York Stock Exchange, admitting that despite expecting a fourfold increase in revenues this year, the company is unlikely to achieve profitability until at least the end of next year.
Commercial and utility battery storage launches offer all-in-one and ‘plug-and-play’ options
Launches of a new “allstar” commercial energy storage system and a large-scale storage solution designed to be moved from one site to another with ease demonstrate the changing needs of customers for versatile and flexible energy storage options.
Ameresco guarantees that US Navy shipyard’s US$173m microgrid upgrade will pay off
A US Navy shipyard is getting an upgrade to its microgrid system from Ameresco that guarantees reliability and considerable energy savings over the lifetime of the project.
Trafigura clean energy JV’s first project will be 25MW / 100MWh battery storage system in Belgium
Commodities trading company Trafigura has said that it is building a large-scale battery storage plant in Belgium through a newly-launched renewable energy joint venture (JV) company.
Eaton teams up with EV charging specialist to create virtual power plant offering
Distributed energy storage systems made by power management company Eaton will be able to participate in grid balancing markets through integration with a virtual power plant (VPP) platform developed by electric vehicle (EV) charging equipment provider Virta.
Q CELLS sets sights on US C&I market as it completes Geli acquisition
Vertically-integrated solar company Q CELLS has completed the acquisition of US-based Growing Energy Labs Inc (Geli) that was announced in August.
Rolls-Royce supplies battery storage to Costa Rican textiles company with four years’ payback
An integrated energy system installed for a textiles company in Costa Rica by Rolls-Royce Power Systems will pay for itself in just over four years, the technology provider has claimed.
Feature
Editor's blog
‘We think we’ve found the answer’: The ‘Supercell’ that could bring safe energy storage to New York
A couple of weeks ago the New York Power Authority (NYPA) began trialling an energy storage system using lithium batteries based around start-up Cadenza Innovation’s ’Supercell’ architecture which aims to eliminate the threat posed by thermal runaway. NYPA’s R&D lead Alan Ettlinger and Cadenza Innovation CEO Christina Lampe-Onnerud spoke with Energy-Storage.news as the trial got underway.
AI energy storage pioneer Stem Inc to go publicly-listed
Stem Inc is set to be publicly-listed and expand its global reach through a deal worth as much as US$608 million, agreed with special purpose acquisition company Star Peak Energy Transition Corp.
Software to streamline commercial, distributed solar and storage deployment launched in the US
New software solutions aimed at streamlining the process of deploying commercial and industrial (C&I) energy storage and for correctly sizing energy storage for distributed solar have been launched in the US.
Green hydrogen, solar and storage: Iberdrola plans ‘Europe’s largest’ industrial facility
Iberdrola is to develop a landmark solar-storage-hydrogen facility in central Spain, professing it to be the largest industrial green hydrogen facility in Europe once complete.
Equity investor Blackstone buys energy-as-a-service provider NRSTor C&I
Blackstone Energy Partners, a private equity business belonging to investment firm Blackstone, has bought up NRStor C&I.
Feature
Guest blog
Industrial energy storage in 2020: Fuelling job creation and the clean energy transition
Action must be taken to build up domestic battery manufacturing capacity in the U.S. to meet demand for industrial-scale energy storage systems, argues Lindsay Gorrill, CEO of KORE Power.
Eaton and Enico’s ‘all-in-one’ C&I storage solution can run on new, or 2nd life, batteries
Engineering firm Eaton and storage company Enico launch a scalable, modular and fully integrated containerised energy storage solution.
Data centre batteries: ZAF retrofits nickel-zinc solution in Atlanta
ZAF Energy Systems, a maker of nickel-zinc (NiZn) batteries which in 2019 claimed a “breakthrough in cycle life” has netted a contract to outfit a data centre in the Southern US for integrator Capitol Power Group (CPG).
Google files plan to power US$600m Vegas data centre with solar and batteries
Nevada utility NV Energy and Google are plotting a major solar-plus-storage facility outside of Las Vegas in a deal being billed as the largest battery-backed solar corporate agreement in the world.
Nordic salmon farm illustrates economic and environmental case for battery storage
A salmon farm in Norway will become more environmentally friendly with the addition of a Tesvolt-supplied battery energy storage system, reducing the run time of diesel generators onsite by up to 18 hours a day, saving on costs and working time spent on maintenance.
Mercom: Upstream battery industry got lion’s share of VC funding in H1 2019
Northvolt, the consortium looking to establish gigawatt-scale lithium battery manufacturing in Europe and Sila Nanotechnologies, a battery technology startup, were the recipients of the highest sums of venture capital (VC) funding in the first half of 2019 in the battery storage sector.
Massachusetts policy leads Stem towards 28.2MWh of solar co-located energy storage
Policy in the Commonwealth of Massachusetts favouring the use of clean energy during peak times has brought behind-the-meter energy storage company Stem Inc into the state’s utility-scale solar-plus-storage market.
RedT needs funding to go the distance with long duration ESS pipeline
Update included confirmation that cash reserves stand at around US$4.31 million, enough to continue meeting the firm's obligations until December this year.
Toyota forklifts’ lithium batteries to balance solar power at carmaker’s facilities
The scheme will tap into the energy storage units already on site, used to power TMHG’s electric forklift trucks.