Participation in the UK’s recently-launched Dynamic Containment (DC) frequency response service has exceeded 400MW of assets with the enrolment of investment fund Gore Street Capital’s 9MW Port of Tilbury battery storage project by optimiser Origami Energy.
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.
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.
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.
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.
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”.
