Energy solutions company Alfen has seen its quarterly revenue climb across all three of its business lines, with its energy storage arm seeing revenues increase by 144% against the first quarter of 2019.
redT has been given a provision notice from Pivot Power to manufacture 2MW/5MWh of vanadium redox flow batteries as part of the Energy Superhub Oxford project, striking up a partnership with vanadium producer Bushveld Minerals to support the project.
Investors are queuing “all the way down the street” but many require the first projects to be built before committing, Gridserve’s chief investment officer Mark Henderson has said.
The proposed merger between flow energy storage companies Avalon Battery and redT continues to progress, with the transaction set to be completed around the end of March 2020.
Pivot Power is keeping an eye on solutions other than lithium-ion, but chief executive Matt Allen stressed the need to focus on the now and deploy chemistries that are “ready and investable”.