While the renewable energy industry has suffered significant blows such as loss of employment during the COVID-19 crisis, venture capital (VC) funding into the battery energy storage sector in the first quarter of this year nonetheless saw a significant increase over the previous year’s equivalent period.
With a quarter of all solar project proposals in the US including batteries, transmission grid operators across the country are taking a variety of steps to evaluate the role that can be played in wholesale electricity markets by hybrid power plants – defined as generation coupled with energy storage.
Massachusetts has issued an emergency regulation to its Solar Massachusetts Renewable Target (SMART) programme, that includes mandating the addition of energy storage on projects over 500kW.
What is thought to be the world’s largest ‘single-stack’ green hydrogen electrolyser, a 10MW project in Fukushima, Japan, began operations on schedule in March, provider Asahi Kasei has said.
Government representatives from the Kingdom of Jordan in the Middle East have confirmed that tendering for a 30MW / 60MWh energy storage system has been cancelled.
“We are happy about the Italian government’s decision that allows us to fully resume business operations in Italy,” Manz AG CEO Martin Drasch has said, following a ruling that deems lithium-ion battery production to be of ‘strategic importance’ for the European country.
Energy storage manufacturing giant CATL has partnered with Shenzhen KSTAR Science & Technology to construct a new lithium-ion battery manufacturing facility Fujian, China.
AutoGrid has struck a deal to supply its distributed energy resources management system (DERMS) platform to NRTC, a cooperative association serving more around 20 million homes in rural America.
