Sonnen founder Christoph Ostermann will be succeeded as CEO by chief operating officer Oliver Koch tomorrow, as the Germany-headquartered energy storage system maker targets its “next growth stage”.
Northvolt has now raised in excess of US$3.5 billion of financing towards its aim of establishing 150GWh of advanced battery manufacturing facilities in Europe by 2030.
A community choice energy provider run by the San Francisco Public Utilities Commission in California has signed contracts for battery storage with EDF Renewables and NextEra Energy totalling 260MWh, to be deployed in combination with solar PV.
ENGIE EPS incurred increases in operating expenses and extraordinary costs due to COVID-19 which “more than offset” an increase in revenues that ENGIE’s energy storage subsidiary earned in the first half of this year.
The greatest value aggregrators putting batteries and other assets in the UK’s electricity markets offer to their customers today is in providing access to the Balancing Mechanism (BM), through which the electricity system operator National Grid ESO matches supply and demand in real-time.
Legislation to help the US economy invest in clean energy jobs and support innovation and industry passed the House of Representatives this week – and Energy Storage Association (ESA) CEO Kelly Speakes-Backman applauded the prominent inclusion of energy storage in the bill.
A multi-gigawatt co-location market looks set to take off within the next five years, however uncertainty over DC coupling, the need for costly symmetric grid connections and outdated regulatory frameworks risk stymying the market’s growth.
Update 24 September 2020: A few hours after the publication of this story, Entergy made public a new pledge to reach carbon neutrality by the year 2050. The company said that while it commits to this goal it will remain committed to “grid reliability and affordability for customers”.
It will be in the interests of more or less everybody involved in the “broader lithium-ion battery supply chain” to establish effective recycling ecosystems, according to an analyst with IHS Markit.
