Flow battery maker Primus Power was leader of the charts in VC funding in the first quarter of 2017, securing US$32 million from a range of investors, according to Mercom Capital’s latest report.
Projects that demonstrate how energy storage can benefit a wide range of stakeholders and the electric grid can compete for US$15.5 million of funding from the New York State Energy Research and Development Authority (NYSERDA).
Work has been completed on a 1MW / 2MWh battery energy storage system for a ‘multi-resource microgrid’ in Denver, by Younicos and its project partners, Panasonic and utility Xcel Energy.
Queensland-based developer SolarQ is planning to build a 350MW(ac) solar plant combined with a ground-breaking 4,000MWh of lithium-ion battery storage in the Gympie Region of Queensland, Australia.
GE and utility Southern California Edison (SCE) unveiled the world’s first battery-gas turbine hybrid system this week in Norwalk, California.
One of Australia’s energy market regulators has put out a lengthy document detailing the potential impact of introducing five minute settlement into the electricity spot market, which would likely favour flexible resources such as energy storage.
San Diego, California's ultracapacitor-based energy storage manufacturer Maxwell Technologies has signed a stock purchase agreement with China’s SFIC Fund Management – a significant investor in China’s storage industry – at US$6.32 per share.
California’s Self-Generation Incentive Program (SGIP), the scheme to incentivise the use of distributed energy, opens for applications at the beginning of next month, weighted to favour energy storage.
Leclanché has hailed recent project wins and a potential 450MW pipeline in reporting an improvement on its finances, which the company’s CFO has called “the first stage of our journey towards EBITDA breakeven”.
Energy storage solutions and software company Greensmith Energy has installed its software platform at an existing energy storage site of giant US utility American Electric Power (AEP).
Arguing that energy storage is “critical to ensuring a resilient, reliable, cost-effective and sustainable grid”, the Energy Storage Association joined with 52 other organisations to plead the place of storage in the Trump administration’s infrastructure priorities.
Brisbane-based renewable energy investor Lyon Group will soon start building a AU$1 billion (US$767 million) solar-plus-storage farm in South Australia - the world’s largest.
Flow battery manufacturer ViZn Energy Systems has won a contract to provide a 1MWh zinc-iron flow battery to India’s majority network operator and utility Power Grid Corporation of India Limited (PGCIL).
The UK’s energy regulator has taken what appears to be an encouraging viewpoint on “double charging” of energy storage, clarifying the definition of the technology’s role in the grid, according to one expert view.
The German state of North-Rhine Westphalia looks set to go ahead with a 200MW pumped hydro energy storage project in a coal mine, as well as a smaller energy storage demonstration project which includes a flywheel from Stornetic.
Fundamental changes in how battery energy storage technology works come faster than they have done in solar PV or wind historically - and governments and regulators will need to adapt to keep up, one industry insider has told Energy-Storage.News.