The Gore Street Energy Storage Fund’s results for the first half of its financial year have demonstrated the benefits of its internationalisation strategy, though its net asset value (NAV) per share fell slightly.
Key contracts have been signed for the first-ever grid-scale battery storage project in Namibia, signifying the African country’s dedication to modernising its energy infrastructure, according to a top local official.
Hawaii’s main utility Hawaiian Electric has entered into contract negotiations with the developers of 15 renewable energy projects, including solar, wind and a combined 2.1GWh of energy storage.
The government of Sri Lanka has entered into a power purchase agreement (PPA) with Australian firm United Solar Group (USG) for a major floating solar power (FPV) and storage project.
Nuvve, a US startup focused on vehicle-to-grid (V2G) technologies, has been selected to manage grid-connected stationary battery storage in Japan with a combined capacity of 30MWh.
Two startups presenting gravity-based energy storage technologies for commercialisation have signed partnerships with major players in engineering and mining.
Li-Cycle is exploring “strategic alternatives” after pausing work on its main recycling facility in New York following soaring project costs while industry peer AquaMetals claims to Energy-Storage.news that its facility is 60% cheaper to build.
Norway-based independent power producer (IPP) Scatec has started operations on three solar-plus-storage projects in South Africa, totalling 1,140MWh of BESS capacity.
