The International Finance Corporation (IFC) will loan IR4.6 billion (US$55 million) to infrastructure investor IndiGrid for a standalone battery storage project in Gujarat, India.
Evolving market dynamics in ERCOT and CAISO, the two leading US electricity markets for battery storage, call for smart optimisation strategies, write Ali Karimian and Alden Phinney of GridBeyond.
Ex-Tesla CTO’s battery recycling and materials company Redwood Materials has launched a new business unit to repurpose second-life EV batteries for energy storage.