AutoGrid has raised US$83.5 million in funding to scale up its virtual power plant (VPP) platform for distributed energy resources (DER) and Leap has raised US$33.5 million to scale and develop its DER software solution.
Hitachi Energy officially launched yesterday, rebranded from Hitachi ABB Power Grids, the business Japanese tech company Hitachi acquired an 80.1% stake in, in July 2020.
Harmony Energy Income Trust (Harmony), a battery storage investment fund operated by UK renewables and energy storage developer Harmony Energy, intends to undertake an initial public offering.
Testing and accreditation group DNV has added new capabilities to assess thermal runaway behaviour in battery cells to the testing laboratory it manages in Rochester, New York.
A new joint venture (JV) is evaluating building battery cell gigafactories in the US, based on advanced lithium-ion technologies, formed by investor Koch Strategic Platforms and manufacturer FREYR Battery.
UK-headquartered asset manager Gresham House has partnered Irish developer Strategic Power Projects to develop a solar and storage pipeline with a combined capacity of over 1GW.
The opportunities for energy storage in the US continue to grow and grow, but moving away from contracted revenue structures to merchant risk projects will be a challenge, especially for lenders.
Trina Storage launched its new lithium iron phosphate (LFP) utility-scale battery storage cabinet and Sungrow launched its new line of residential battery storage at Intersolar Europe last week.
