Infrastructure investment firm Energy Capital Partners has acquired prolific ‘mid-range’ energy storage project developer Convergent Energy + Power in a deal worth "several hundred million dollars".
News in brief from around the world in energy storage.
Customers procuring energy storage systems are emphasising their demand for energy, as well as power, as the market shifts to longer durations, a representative of Saft has said.
With Brexit day less than a month away and still no certainty around what the final deal will look like, the time is now for the energy storage sector to prepare for every eventuality so it can play to its increasing strengths, writes Stephen Irish, co-founder of Hyperdrive Innovation.
Johnson Controls has sold off its power business, including its design and production of automotive batteries, to focus on management solutions for buildings and HVAC systems for industrial customers.
SolarEdge is targeting a world where the “majority of solar systems will include storage”, according to CEO Guy Sella, as the company announced record revenues and shipments in the third quarter of 2018.
What has driven the recent boom in Germany's household energy storage installation figures? What value do customers expect when adding a storage system to their homes? And more importantly, what are energy storage providers doing to sustain and accelerate growth, which can eventually unlock a true mass market? Florian Mayr of Apricum takes a closer look.
The energy industry is evolving towards more ‘enterprise platform’-based business models, enabling energy storage to play a vital role for businesses and the grid, NEC Energy Solutions (NEC ES) CEO Steve Fludder has said.
The CEO of Orsted, the world’s largest offshore wind developer, has said that his company is working to establish “a scalable commercial model” for solar PV and energy storage, viewing both as potential drivers of long-term growth.
France-headquartered multinational utility ENGIE has followed up acquisitions in smart energy by incorporating three companies including commercial energy storage provider Green Charge into its parent brand, with the explicit aim of furthering its position in North American markets.
Energy storage has been placed at the heart of the UK’s new industrial strategy as the government attempts to position itself at the forefront of research and innovation in the global market.
Sonnen, Germany’s market leader in residential energy storage, recently launched its operations in Britain. We met up with Martin Allman, the company’s UK country director, to hear about key aspects of the company’s strategy.
Representatives of battery and energy storage companies including AES Corporation and FIAMM believe the priority for the nascent energy storage industry should be to standardise technologies, along with developing a regulatory framework that recognises the value of storage.