24M, a start-up angling to disrupt the already-disruptive lithium-ion battery industry with the design and production of semi-solid lithium cells, has raised US$21.8 million in a Series D funding round.
Power electronics giant Hitachi has acquired ABB’s power grids business in an US$11 billion (£8.7 billion) deal which cements its position in the energy solutions sector.
Work is underway on an energy storage project in South Australia that will use biogas to generate power to be stored in modules of molten silicon, from startup 1414 Degrees.
New York’s energy storage deployment target of 1.5GW by 2025, roundly welcomed by the industry when introduced at the beginning of 2018, has been ‘doubled’ to 3GW – by 2030.
Batteries in private households will be now able to perform the “same tasks as a conventional power plant”, across the whole of Germany, the CEO of Sonnen has said, following a ruling that opens up grid services markets to the company’s devices.
UK water utility Northumbrian Water is to pilot the use of battery storage units at a number of its sites under a new revenue-sharing partnership with developer Argonaut Power.
A natural gas power plant that floats on water will be built in the Dominican Republic and equipped with a battery energy storage system supplied by Fluence.
8minutenergy Renewables, J.P. Morgan Asset Management and an affiliate of Upper Bay Infrastructure Partners have entered into a joint venture that will provide equity capital for 8minutenergy’s 10.7GW portfolio of utility PV and storage projects.
An updated technical guide to co-locating renewables and battery storage has clarified previously conflicting guidance on the matter, removing barriers and potentially unlocking the “tremendous potential” of solar homes.
The Dutch Development Bank (FMO) and investment firm Symbiotics have announced a US$32.5 million facility to finance ZOLA’s operations within Tanzania over the next five years.
