Canada-headquartered lithium-ion battery manufacturer Electrovaya increased its revenues year-on-year in the financial year which finished at the end of September, but the company also reported increased losses.
Oregon has become the latest US state to lay out its foundations for electricity companies to procure and deploy energy storage systems, with the state Public Utility Commission (PUC) providing guidelines and timelines.
Geothermal power and renewable energy developer Ormat Technologies has signalled its intent to join demand response and energy storage markets with the purchase of Viridity Energy.
German power company innogy SE – the renewables arm of utility RWE – has completed its purchase of Belectric Solar & Battery.
The north-eastern US state of Massachusetts will introduce a procurement target for energy storage resources, with the state’s department of energy resources (DOER) collecting views from stakeholders.
German utility SWW Wunsiedel has ordered a large-scale battery storage system from engineering and technology giant Siemens, which will participate in weekly tenders to help balance the local grid.
Turnkey energy storage system provider Demand Energy has commissioned a solar-plus-storage microgrid in Costa Rica at a medical manufacturing facility.
Property and infrastructure group Lendlease has signed a joint venture agreement (JVA) to deliver solar, battery storage and microgrid projects across Australia with Carnegie Clean Energy.
The cost of energy storage technologies is set to reduce significantly over the next five years driven by economies of scale and improvements in both technology and standardisation, according to a new report from financial advisory and asset management firm Lazard.
Software for energy storage systems will be a mixture of in-house solutions by integrator/ developers and third-party providers, in an industry segment set for a steep rise in value, according to one expert.
