A “first-of-its-kind” project financing deal will bring 50MW of Tesla Powerpacks online in California, Macquarie Capital, the investing and advisory arm of global finance corporation Macquarie Group has said.
According to the latest GTM Research figures, energy storage is coming into its own and is no longer confined to a handful of US states. 21 states now have 20MW of storage projects proposed, in construction or deployed. Further, 10 states have pipelines of more than 100MW.
California-headquartered grid-scale electrical energy storage company Primus Power has secured US$32 million in equity financing from a range of investors including a well-known Saudi family, to help accelerate its EnergyPod 2 storage system.
Filipino renewable energy firm Solar Philippines has started construction on the first utility-scale solar project to be combined with battery energy storage in the Philippines.
Time is running out for stakeholders offering comments to Washington’s Utilities and Transportation Commission (WUTC) on its draft policy statement regarding how energy storage is treated by investor-owned utilities’ (IOUs) in their integrated resource planning (IRP).
Solarwatt has unveiled the latest evolution of its MyReseve system, a fully modular storage system that can be customised to suit the demands of any application.
The German state of North-Rhine Westphalia looks set to go ahead with a 200MW pumped hydro energy storage project in a coal mine, as well as a smaller energy storage demonstration project which includes a flywheel from Stornetic.
Queensland’s workplace regulator, the Electrical Safety Office (ESO), has revoked its recommendation that all home energy storage battery units should be installed separately from households in an external enclosure.
Fundamental changes in how battery energy storage technology works come faster than they have done in solar PV or wind historically – and governments and regulators will need to adapt to keep up, one industry insider has told Energy-Storage.News.
