Overheating issues prompt recall and replacement for LG Chem Australia battery storage systems
LG Energy Solution, formerly known as LG Chem, is offering free replacements to customers for some of its battery energy storage systems sold in Australia due to potential defects that could cause overheating.
Long-duration ‘pumped heat energy storage’ startup Malta raises US$50 million in Series B round
Malta Inc, developer of a grid-scale electro-thermal energy storage technology, has closed a Series B funding round, raising US$50 million from investors that include Facebook co-founder Dustin Moskovitz.
Is the ‘SPAC track’ the fast lane to growth… or the road to ruin?
The sudden and rapid use of Special Purpose Acquisition Companies (SPACs) to launch privately-held companies into publicly-listed entities is a minor phenomenon of our time and some players in clean energy industries including energy storage, have been quick to join the wave. It can work out really well, but it can also all end in tears: so choose wisely, says Charles Lesser, partner at Apricum - The Cleantech Advisory.
ROUNDUP: Wind-solar-storage hybrid ‘grid ready’, AutoGrid in France, EDF 80MW UK optimisation deal
News in brief from around the world in energy storage.
CEFC offers US$127.6 million debt finance for 300MW Victoria energy storage project
Australia’s Clean Energy Finance Corporation (CEFC) has invested AU$160 million (US$127.6 million) in a 300MW battery storage project near Geelong, Victoria.
Shell expands role in VPP market with acquisition of German operator Next Kraftwerke
Shell Overseas Investments BV has acquired German virtual power plant (VPP) operator Next Kraftwerke, expanding its footprint in the space.
US rejoins Paris Agreement on Climate Change: The energy storage industry view
What does the energy storage industry make of Biden’s commitment to ‘Build Back Better’ and to rejoin the Paris Agreement?
Biden Executive Order will put battery materials at heart of US climate technology ‘leadership’
With the US having rejoined the Paris Accord on the climate crisis last week, President Joe Biden has now signed an Executive Order which identifies the importance of mitigating risks in the supply chain for “large capacity batteries”.
Energy Storage Summit 2021: Net zero transition ‘requires jigsaw of technologies’
The UK’s move to net zero emissions will require a reinforced distribution network and a varied mix of energy storage technologies to make the most of low-cost renewables generation, a panel has suggested.
Energy Storage Summit 2021: Green hydrogen support frameworks must link supply with demand
Support frameworks which address both green hydrogen supply and demand, as well as cross-border initiatives, will be pivotal to delivering affordable green hydrogen, a panel has concluded.
Energy Storage Summit 2021: ‘It’s not all about’ Dynamic Containment in the UK
Although there is growing interest within the energy storage industry around the National Grid’s Dynamic Containment (DC) system, operators who tap into it must be ready to adapt and maintain other revenue streams, a panel of industry experts heard this week.
Energy Storage Summit 2021: Long-duration opportunities will grow but bankability is main challenge
The energy storage market is poised for strong growth over the next decade and opportunities are likely to emerge for alternatives to lithium-ion that offer longer durations of storage, but three key challenges remain for those technologies.
Progress made on 40MWh battery storage benefitting First Nations communities in north Canada
Steps forward have been taken in the development of a grid-scale battery energy storage system (BESS) in the Yukon Territory, northern Canada, which will help stabilise the region’s grid and reduce reliance on fossil fuels.
UK investment manager Downing contracts Hyosung Heavy Industries for 50MW battery storage project
UK investment management group Downing LLP has announced its first utility-scale battery storage site in the country, a 50MW/53MWh project in Nursling, Southampton on England's southern coast.
Trina Solar is making LFP cells, launches energy storage division at Energy Storage Summit 2021
Vertically-integrated solar PV company Trina Solar has officially launched Trina Storage, a “dedicated business division” for energy storage solutions.
Energy Storage Summit 2021: How batteries play into ‘extremely precise’ Dynamic Containment
The benefits – and remaining challenges – of the UK’s new frequency response service Dynamic Containment (DC) were discussed at today’s Energy Storage Summit by a panel of experts and industry stakeholders.