Some organisations consulted for a UK government study believe that the safety of second life EV batteries in residential energy storage “can never be guaranteed” while others believe an enabling framework is possible.
Peak Power, an Ontario-based C&I-focused energy storage and software firm, has secured a US$200 million financing agreement with Madison Energy Investments (MEI).
Our Next Energy (ONE) has raised US$300 million for its LFP cell gigafactory in Michigan while Turkish Kontrolmatik has started building its plant in South Carolina.
Arclight Capital Partners has committed US$150 million to its energy storage platform Elevate Renewable Energy for deploying battery storage alongside its legacy thermal plant portfolio.
Austria-based utility Verbund is targeting 1GW of battery storage by 2030, it revealed in a ribbon-cutting ceremony for a recent project in Bavaria, Germany.
The virtual power plant (VPP) network of residential solar and battery storage provider Sunrun in the US is being managed by Lunar Energy, a recently-formed firm in which Sunrun is a shareholder.
Lithium-ion battery recycling firm Li-Cycle saw its overall revenues fall 32% in its fourth quarter, due to two separate factors related to a fall in metals prices.
Zinc-air flow battery company Zinc8 Energy Solutions has won US$9 million in state tax credits for its new manufacturing facility in Ulster County, New York.
