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News in brief from around the world in energy storage.
News in brief from around the world in energy storage.
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.
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.
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).
Battery energy storage system (BESS) and controls technology will be provided to a “smart industrial park” project in Thailand by Hitachi ABB Power Grids.
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.
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.
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.
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 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.
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.
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.
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.
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.
Vertically-integrated solar company Q CELLS has completed the acquisition of US-based Growing Energy Labs Inc (Geli) that was announced in August.
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.
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.
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.
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.
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.
Blackstone Energy Partners, a private equity business belonging to investment firm Blackstone, has bought up NRStor C&I.
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.
Engineering firm Eaton and storage company Enico launch a scalable, modular and fully integrated containerised energy storage solution.
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).
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.
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.
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.
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.
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.
The scheme will tap into the energy storage units already on site, used to power TMHG’s electric forklift trucks.