US energy storage had a fairly quiet period in the third quarter of this year deploying just 16.4MW/31.4MWh but enjoyed a record quarterly sum of US$660 million of corporate investment.
A corporate venture fund set up by oil and gas company Statoil has invested in North American energy storage developer Convergent Energy + Power.
Zinc-air battery-based energy storage system maker Fluidic Energy has received US$20 million in investment for projects in south-east Asia from a private equity fund which includes the Asian Development Bank as a partner.
The merging of Tesla and SolarCity into a single entity creates a new company well-placed to deliver a full range of energy-related products and services to consumers, analysts have said.
The UK’s government department for business, energy and industrial strategy (BEIS) and its regulator, Ofgem, have jointly launched a Call for Evidence on System Flexibility for the country’s power networks, putting storage at the forefront. Anthony Price, head of trade group the Electricity Storage Network spoke to Energy-Storage.News about the document, which gives stakeholders until January to respond.
The soon-to-be-merged Tesla and SolarCity have completed a solar-plus-storage microgrid on an island in American Samoa that will reduce the local population’s reliance on costly and cumbersome diesel imports.
German manufacturer Tesvolt will supply 3MWh of energy storage to 25 villages in Mali, Africa, which the company claims will allow the currently diesel-reliant residents to drastically reduce electricity costs.
A ‘call for evidence’ from the UK government on how to reform the energy sector, calling for information and commentary by industry and other stakeholders, has been welcomed by the country’s Electricity Storage Network trade association.
Former First Solar CEO Jim Hughes has joined aqueous battery storage system maker Eos Energy Storage as chairman of its board of directors.
Manufacturing equipment supplier Manz AG said 25% of its revenues for the first nine months of this year came from its energy storage segment, despite the ill effects of a large order being stopped.
