NEC’s Energy Solutions division, which has been responsible for NEC Corporation’s activities in the battery energy storage industry, is “going out of business” according to a report by Bloomberg.
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".
While the relationship between renewable energy and energy storage is a close one, combining storage with natural gas is also an important stepping stone measure in the transition to 100% renewables, Energy-Storage.news has heard.
As an interactive way to introduce its third generation of stacks, vanadium redox flow storage maker RedT debuted its augmented reality app at Intersolar Europe/ees Europe this year.
Leclanché and VRB Energy, two providers in very different areas of energy storage, have struck up joint ventures (JVs) intended to assist them in scaling up and hitting new markets, while Ice Energy has netted fresh funding.
A spokesman for S&C Electric has confirmed the company will no longer be producing its power conversion system (PCS) for energy storage systems but will remain in the market as a system integrator.
Swedish state-owned power company Vattenfall has established a new business unit dedicated to solar-plus-storage.
Globally, energy storage is developing rapidly. Businesses that are shaping the market are being asked to nominate themselves to join the Energy Storage 100, a new industry initiative from Energy Storage News’ publisher, Solar Media.
There is “still an argument to be had” over the best use of storage solutions in the UK markets, with pure storage or back-up capabilities two possible options according to LG Solar head of UK sales Bob Mills.