Nidec ASI has been announced as a supplier to energy storage start-up Energy Vault, providing motors and inverters to the company.
Softbank Group’s SB Energy subsidiary is among investors that contributed to a successful US$30 million Series C funding round for ESS Inc, a US-headquartered manufacturer of iron flow batteries that use a proprietary saltwater electrolyte.
Swiss energy storage start-up Energy Vault will use the investment from Soft Bank's Vision Fund to "accelerate global deployment" of its energy storage tower technology.
Softbank Energy and Kyocera, two major names in Japan’s solar energy industry, are partnering with utilities, grid operators and other stakeholders to execute virtual power plant (VPP) projects backed by the government.
SB Energy, the renewables arm of Japanese firm Softbank, and Mitsubishi UFJ Leasing are to develop a 102.3MW solar PV project combined with 27MWh of battery stroage in Hokkaido, Japan.
Orders for distributed energy storage and the rise of an electric mobility market have kick-started a battery assembly push in India.