A solar power plant owned by Vermont utility Green Mountain Power saved the utility’s quarter of a million customers US$200,000 in one hour by drastically reducing peak demand.

The participation of venture capital (VC) investors seems to have cooled, while project funding has conversely seen a sharp rise, in the latest quarterly report into funding and mergers and acquisitions from Mercom Capital.

India’s largest utility NTPC has signed a memorandum of understanding (MoU) for the setting up 50MW of solar power projects combined with battery energy storage near Port Blair in the Andaman and Nicobar Islands.

Kodak and Polaris Battery Labs have collaborated on a support system for new battery manufacturers and products.

Grid-scale energy storage developer Eos Energy Storage has raised proceeds of US$23 million through the initial closing of a private placement transaction and expects to use the money to increase deployment of its battery storage product.

Commercial energy storage designer Green Charge has teamed with Pacific Gas and Electric (PG&E) to deliver grid services from distributed energy storage in San Jose, California.

Electricity storage and energy efficient products manufacturer, Powervault, has teamed up exclusively with Energy Storage News to offer readers the opportunity to win a 4kWh Powervault worth £3,000.

Strategic planning of Chinese industry at a state level could see electrical energy storage installations grow in importance, rocketing to as much as 24GW by 2020, according to one analysis firm.

The Australian Renewable Energy Agency (ARENA) has committed up to A$18 million (US$13.7 million) in funding to build the first phase of a A$120 million solar-wind-storage project by Windlab and Eurus that will deliver renewable energy on demand.

NEC Energy Solutions, a subsidiary of NEC Corporation, announced that it is supplying the Sterling Municipal Light Department (SMLD) of Sterling, Massachusetts, with a 2MW, 3.9 MWh energy storage solution.