Germany company Voltstorage, claiming to be the only developer and maker of home solar energy storage systems using vanadium flow batteries, raised €6 million (US$7.1 million) in July.
More electricity storage and longer durations will be needed for the UK to meet net zero, according to electricity system operator National Grid ESO’s latest modelling.
Lithium battery cells will be rolling off a production line at a 16GWh-capacity factory in France in 2023, with manufacturing startup Verkor then planning to scale up to 50GWh “in line with market dynamics”.
Independent power producer EDF Renewables North America has signed a 22-year power purchase agreement with NV Energy for a 200MWac solar project coupled with a 180MW, four-hour battery storage system.
US developer and utility NextEra Energy has said there is currently a “terrific opportunity” for wind, solar and battery storage while Texas-based CPS Energy plans to add up to 900MW of solar, 50MW of battery storage and 500MW of new technology solutions to its portfolio.
California investor-owned utility (IOU) Pacific Gas & Electric has begun work constructing a 182.5MW / 730MWh battery energy storage system (BESS) project at a substation in California.
Northvolt has now raised over US$3 billion to support its plans to become a major player in the European battery manufacturing space, including US$1.6 billion in debt financing which it announced today.
An April 2019 fire and subsequent explosion which caused injuries to firefighters and destruction of a grid-scale battery storage system in Arizona likely started with an internal cell defect that caused the “preventable” incident, analysis has found.
Western Australia will invest AU$56.3 million (US$40.11 million) in solar power as part of a new renewable energy plan designed to kickstart the state’s economy following the impacts of the COVID-19 pandemic.
