TWAICE, a German battery analytics software company founded in 2018 which already counts Audi and Daimler as well as European energy utility companies amongst its customers, has raised US$26 million in a Series B funding round.
A 2.5MW / 4MWh demonstration system using novel energy storage technology based on a “carbon dioxide battery” has begun construction in Sardinia, Italy.
New software that helps businesses and utilities in the US to assess the value of energy storage has been launched by Sandia National Laboratories, while the Electric Power Research Institute (EPRI) has launched its own platform for calculating the value of distributed energy resources (DERs).
The California Public Utility Commission (CPUC) has tabled plans to mitigate a potential shortfall of electricity through the rapid procurement of new capacity over the next five years, 90% of which must be non-emitting firm resources.
Shell Energy is to access operational rights to a 60MW / 120MWh portion of a new battery storage system under development in south-west New South Wales (NSW), Australia.
Connecticut’s Senate has passed a bill targeting the deployment of 1,000MW of energy storage by the end of 2030, which when signed into law by the state’s governor will make it the eighth state jurisdiction in the US so far to introduce either a target or mandate for energy storage.
The first pilot deployment of a large-scale electrochemical energy storage system (ESS) has been completed in the Ukraine, less than a year after system supply contracts were signed.
Standalone battery energy storage can potentially offer better value to the US electricity system than pairing batteries directly with solar or wind generation, but the pros and cons of each approach vary greatly from project to project.
