Annual deployments of distributed energy storage connected to virtual power plants (VPP) is expected to reach 3GW by 2030, according to research firm Guidehouse Insights.
Ion Storage Systems (ION), a company that has developed a solid state lithium-ion battery technology, has raised a US$30 million Series A to expand its production facility and accelerate its entry into the stationary storage sector.
Community solar owner-operator Summit Ridge has secured US$15 million in project financing for two battery energy storage system projects in New York City, US.