Private equity fund SoftBank Vision Fund has officially signed off on a Memorandum of Understanding (MOU) with Saudi Arabia’s Public Investment Fund (PIF) to develop 3GW of PV and energy storage capacity within Saudi Arabia.
The amount of VC funding invested in battery energy storage companies in the first nine months of this year has more than doubled from the equivalent period of 2016, according to a report from Mercom Capital.
Independent accreditation and testing company DNV GL has created Battery XT, the first testing-based verification of battery lifetime for Li-on batteries.
The Hawai‘i Public Utilities Commission has approved two new programmes expanding its customers’ abilities to install rooftop PV and energy storage systems, while also clarifying the terms of its existing programmes.
In its home territory of Germany, energy storage provider Sonnen is making a play to replace utilities, but its business models in the US will instead emphasise cooperation with existing energy suppliers.
China-based EV and storage specialist BYD is to supply batteries to projects built by Silicon Valley commercial energy storage provider Green Charge, which is a subsidiary Engie North America.
The Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy Agency (ARENA) have both financed the Kennedy hybrid solar, wind and storage project in north Queensland, which is being developed Windlab and Eurus Energy.
