News in brief from around the world in energy storage.
Canada-headquartered lithium-ion battery recycling specialist Li-Cycle will build its third facility in Arizona, joining plants the company already operates in Ontario and New York State.
Norwegian utility Statkraft has completed the construction of its second large-scale battery storage project in the Republic of Ireland.
Energy storage can help enable cleaner, reliable, low-carbon energy networks while connecting energy assets to the market opportunities that will make the transition to renewable energy economically feasible. We speak to Wärtsilä’s Jeff Damron about the ways that the value of energy storage can be realised in markets across the world, both today and in the future.
An investment worth €110 million (US$131.5 million) has been agreed by ‘thermal battery’ manufacturer EnergyNest which would make infrastructure equity investor Infracapital its biggest shareholder.
For the US to thrive while achieving its decarbonisation goals, it needs a robust clean energy economy, creating well-paid jobs and a strong trajectory for technical innovation, argues Philip Brennan, CEO of Echogen, an Ohio-based provider of waste-heat recovery systems and electro-thermal energy storage solutions.
A 100MW battery energy storage system just announced in the UK by battery storage developer, owner and operator Zenobe Energy is the first such system to win a long-term contract from the country's transmission system operator to directly absorb reactive power from the transmission network.
Gore Street Energy Storage Fund, one of two stock exchange-listed investment funds in the UK dedicated to energy storage, is proposing a new issue of ordinary shares at 102 pence (US$1.41) per share to raise further capital for its development pipeline of 1.3GW.
Software is rapidly becoming recognised as key to the value proposition and bankability of energy storage, which in turn lies at the heart of the energy transition. Andy Colthorpe speaks to three providers of software aimed at the energy storage industry.
Equity investors have already committed more than US$300 million to lithium battery recycler Li-Cycle’s plan to go publicly-listed through a special purpose acquisition company (SPAC) merger.
South African vanadium producer Bushveld Minerals is investing US$7.5 million in vanadium redox flow battery (VRFB) energy storage company Enerox, which is planning to scale up its manufacturing capabilities.
At the Energy Storage Summit US, a panel of experts discussed the impact of the ITC on the uptake of co-located assets, but also the challenges of operating within its framework.
A plan proposed by US president Joe Biden to invest US$2 trillion in infrastructure has been praised for “prioritising energy storage and policies that support the industry’s growth”.
Funding secured from its main shareholder group will help vertically-integrated energy storage company Leclanché push forward activities in its stationary storage business, CEO Anil Srivastava has said.
Battery storage systems have been proven to be “extremely lucrative” for commercial and industrial (C&I) customers in the US, but a lack of customer knowledge of regulations and supply shortages of battery cells could yet stymie the market’s growth.
Energy-Storage.news was delighted to host a sponsored webinar with Honeywell Process Solutions on solving some of the biggest challenges and answering the most important questions facing energy storage today.
A pumped hydro energy storage (PHES) project at a former gold mine in Queensland, Australia which would be able to store 250MW of power for up to eight hours has raised significant funding in the past few days.
An energy storage project pipeline of 500MW in Texas’s ERCOT market is being developed by Dallas-headquartered distributed energy resources developer and operator Hunt Energy Network.
Based on the value it provides to grids as shares of renewable energy grow, energy storage is a “very exciting market,” the VP of Goldman Sachs Renewable Power has said.
Early days of the new regime have been applauded for their progressive nature, but lack of proper cost-benefit analysis for storage and concerns of trade tariffs remain
Decision-makers across Canada now recognise the value that energy storage can bring to the grid, with Ontario’s grid operator establishing its first-ever set of market rules for energy storage’s participation.
Stem Inc has revealed its financial results for 2020 ahead of listing on the New York Stock Exchange, admitting that despite expecting a fourfold increase in revenues this year, the company is unlikely to achieve profitability until at least the end of next year.
Europe is on course to become the world’s second-largest lithium-ion battery cell producing region by 2025, although some key challenges need to be addressed, a European Commission vice-president has said.
LG Energy Solution, formerly known as LG Chem, has announced plans to invest in significantly increased production capacity within the US for batteries to be used in electric vehicles (EVs) and energy storage systems (ESS).
A new market mechanism for longer-duration storage should be created according to the UK’s Association for Renewable Energy and Clean Technology (REA).
Gore Street Energy Storage Fund, a publicly listed energy storage investment funds in the UK, is entering its portfolio into the Dynamic Containment grid services market while it has 100MW of projects in Northern Ireland nearing completion.
US community solar provider Nexamp has closed a US$440 million credit facility for a 380MW portfolio of PV and energy storage assets.
The repercussions of Texas' Winter Storm events in February, may be felt for years. Scott Burger, Annie Baldwin, Jason Houck and Marco Ferrara at long-duration energy storage start-up Form Energy discuss how in-depth system modelling of current and future grids offers some early takeaways which might help prevent the next crisis and how multi-day energy storage could play a leading role.
The editorial team brings you the top takeaways from this year’s Summit, spanning everything from finance and the growing appetite for investment in the market today, to the technologies and policies that could help the UK and other nations to meet urgent deadlines for decarbonisation.
Uplight, a US energy software company that helps electric utilities reduce their baseload energy use by monitoring and adapting how their networks operate based on consumer behaviour, has reached a valuation of US$1.5 billion following investment from groups including Schneider Electric.