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Northvolt, the consortium seeking to establish significant lithium-ion battery cell manufacturing facilities in Europe, has raised US$1 billion in equity capital from parties including Volkswagen and BMW and the merchant banking division of Goldman Sachs.
Strong deployment figures have been posted for the US’ energy storage market in both residential and non-residential segments in the past quarter, amid warnings that an escalating trade war with China could dampen some of that enthusiasm if tariffs are applied.
World Bank Group has set up a “global international partnership” to support the deployment of energy storage in developing countries, just a few months after committing a US$1 billion sum to the sector.
Phase-out plans of US utility giants underscore money-saving potential of cleaner alternatives, says think tank.
The growth potential of energy storage has drawn interest from some of the biggest names in the power business and beyond. With the trend set to continue, Andy Colthorpe explores how three recent acquisition targets are faring under new ownership.
While Extinction Rebellion may have helped draw attention to the scale of the problem, it’s now up to us all – especially those of us with a head-start in the industry – to bring the solutions to life.
Volume 19 of PV Tech Power has just hit the (digital) shelves and once again the quarterly technical journal from our publisher Solar Media includes ‘Storage & Smart Power’, the dedicated section created and curated by Energy-Storage.news.
Pika, a manufacturer of home energy storage systems headquartered in Maine, US, has been bought up by power generation equipment manufacturer Generac
Along with TEPCO, Mercom named other major utilities and companies with a background in oil and gas as investors in the battery storage sector during the quarter.
The ‘world’s first dedicated energy storage infrastructure fund’ will invest in California battery energy storage projects, with Macquarie set to sell 50% of a 340MWh tranche to the fund’s owner, SUSI Partners.
A green bond has been issued in Australia that will give people the chance to invest in energy storage for the first time.
The future of vanadium flow machine company redT has been plunged into doubt after it launched a strategic review of its ongoing business.
The Asian Development Bank (ADB) has agreed to part-fund a US$53.2 million undertaking to power Tonga with renewable energy, including the installation of 22.2MWh of energy storage.
Insurer Munich Re has launched what it claims is the world’s first long-term insurance plan for battery performance, signing up ‘all-iron’ flow battery maker ESS Inc as its first customer.
Co-location of large-scale energy storage systems with solar and wind generation is not an immediate prospect for the UK’s clean energy markets, although interest is there, an expert panel said today at the Energy Storage Summit.
A new poll has identified energy storage as the most promising technology for institutional investors keen on renewable assets, amid plans by many to ramp up allocations.
A €100 million (US$114.44 million) fund will be used to develop and deploy microgrid and energy storage projects by engineering and automation firm ABB, which has recently launched a new line of solutions in those areas.
In today’s third and final instalment of our series to welcome in 2019, we look at what our respondents are expecting to see this year, what they would like to see happen and some of the ways they will be trying to fulfil those expectations.
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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.
Britain’s second listed energy storage fund has raised £100 million (US$129.12 million) to trade on the London Stock Exchange.
Energy asset developer and owner Statera Energy has clinched a refinancing deal for its 50MW Pelham utility-scale battery storage plant in England, in a transaction which it says demonstrates both the maturity and “bankability” of the asset class.
Swiss vertically-integrated battery and energy storage system and equipment maker Leclanché has followed sonnen in netting a significant amount of investment to go into the second half of 2018, securing CHF75 million (US$76 million) from its main existing investor.
Australian firm Carnegie Clean Energy has raised AU$5.3 million (~US$4 million) to grow its solar PV, battery energy storage and wave energy businesses.
Already this year we’ve been able to learn directly about the energy storage market in Europe from the Energy Storage Summit in London at the end of February and Energy Storage Europe in Dusseldorf, which just took place last week. Andy Colthorpe summarises what he's seen and heard.
Some of the “world’s biggest insurance companies” are investigating the advantages of pairing lithium batteries with ultracapacitors in energy storage systems, which can lower costs and extend battery lifetimes, the CEO of an ultracapacitor maker has said.
German energy giants E.On and RWE have reached an agreement on a major exchange of business activities, promising a significant shake-up of the duo’s energy interests.
Madagascar’s Ministry of Water, Energy and Hydrocarbons (MEEH) has released a list of six pre-qualified bidders for the country’s 25MW(AC) Scaling Solar tender, which is the first to include energy storage in its remit.
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VC funding for energy storage projects increased significantly, while debt and public market financing remained “steady” during 2017, Mercom Capital has found.
Stem Inc, self-described as a supplier of “artificial intelligence-powered” energy storage, which deployed a system on average every two days last year, has closed a US$80 million Series D financing round.
Nuclear generation company Exelon and chemical company Albemarle, which has lithium mining facilities, are investigating opportunities in the energy storage space, having partnered with battery energy storage investor Volta Energy Technologies to do so.