Storage provider Stem adds US$100 million to its kitty of project funds, as energy investor Starwood Energy backs its roll out of intelligent storage for commercial venues.

The US Department of Energy (DOE) and the Indian Ministry of Science and Technology (MST) have committed new funds for research on energy storage and smart grids under the US-India Partnership to Advance Clean Energy Research (PACE-R) for US$30 million.

Total’s acquisition of battery provider Saft has set the tone for oil majors to follow and invest in energy storage, distributed generation and solar power ventures, according to a new report from Lux Research.

Solar Energy Corporation of India (SECI) has issued a request for selection (RfS) for 100MW of grid-connected solar PV projects with large-scale battery energy storage systems at Kadapa Solar Park, Andhra Pradesh.

Australian power company AGL is to install the largest ‘virtual power plant’ in the world in Adelaide, South Australia, using batteries from energy storage firm Sunverge Energy.

Korean battery provider Kokam is to develop a 36MW/13MWh energy storage system for South Korea’s largest utility Korea Electric Power Corporation (KEPCO).

Silicon valley-headquartered flow battery maker Imergy Power Systems has entered into ABC insolvency and terminated the contracts of all its staff, the company has confirmed.

GCL Systems Integration is poised to sink US$24.3 million into new lithium battery factory in China’s Jiangsu province.

Despite its thirteenth quarterly reverse on the spin, Tesla chairman and chief executive Elon Musk predicts Tesla and SolarCity will create an automotive-energy giant worth US$1 trillion.

Massachusetts is to become the third US state, after California and Oregon, to impose minimum requirements for usage of energy storage systems.