Stem Inc’s shares begin trading on the New York Stock Exchange today, after the “artificial intelligence-driven clean energy storage services” company completed its business combination with special purpose acquisition company (SPAC) Star Peak Energy Transition Corp.
Wärtsilä Corporation has been contracted to install a 10MW battery energy storage system at a wind farm in Mexico, marking an expansion into the country for the energy solutions provider.
Mexico’s economy, international competitiveness and quality of power on the electric grid - as well as its environment - could be given a serious boost if battery energy storage systems were given a greater chance to contribute, a developer of projects based in the country has said.
While sized only at 30kW, the successful installation of a battery energy storage system in Puebla, Mexico, is nonetheless being hailed as a milestone as it is claimed to be the first such system to deliver frequency regulation services in the country.
China’s BYD has signed a deal which could see up to 100MWh of its systems deployed in Mexico as part of a distributed energy and large-scale solar buildout by finance group Pireos Capital.
US-based energy storage technology provider Powin Energy has claimed it has a pipeline close to 500MWh of projects under contract, including recent awards totalling 70MWh for customers in North and Central America and in Italy.
General Electric (GE) is developing Mexico’s first ever grid-scale energy storage projects to aid with the integration of wind and solar into electricity networks.