A “once-in-a-generation” commitment to invest in the US’ national infrastructure includes financial support for energy storage supply chains and renewable energy deployment, but not the investment tax credit for standalone energy storage.
Energy storage activity grew during January to June this year for Wärtsilä, accounting for almost two-thirds of new-build order intake, the company’s VP for Energy Storage and Optimisation has said.
Former Tesla battery guru JB Straubel’s materials recycling company Redwood Materials has attracted more than US$700 million in investment.
Specialist international investment manager Amber Infrastructure Group has reached commercial close on the development of a 50MW/100MWh utility-scale battery energy storage project in Lancashire, a county in northern England.
New HOrizons Ahead (NHOA), the e-mobility and energy storage company formerly known as Engie EPS, has set itself targets to install 1.7GWh of energy storage by 2025 as part of a new strategic ‘Masterplan’.
Startup Form Energy has finally made public the battery chemistry behind a technology that the company claims could make challenges of integrating renewable energy a thing of the past and outcompete fossil fuels.
The acquisition of a 60.5% stake in ENGIE EPS by Taiwan Cement Corporation (TCC) was finalised and completed earlier this week.
Australia’s federal government has committed millions of dollars in grants to companies involved in lithium battery and vanadium redox flow battery value chains, as part of a wider pledge to support resources and critical minerals sectors in the country.
Energy-Storage.news proudly presents this sponsored webinar with Honeywell, where we talk about the potential for battery energy storage across the Asia-Pacific region and how to address concerns around risk and bankability that hold back a powerful wave of decarbonisation opportunity.
Companies in the battery storage industry raised US$9.6 billion in corporate funding during H1 2021, with European manufacturing startup Northvolt once again the biggest single recipient of venture capital (VC) investment.
The July 2021 episode of the Solar Media Podcast, sponsored by Honeywell, is now available to stream, as we delve into everything you need to know about recent polysilicon trade sanctions in the US.
There’s still a disconnect between what’s achievable and what is actually being achieved in the drive to decarbonise. Despite a boom in renewable energy generation, Australia’s government line is instead commitment to “a gas-fired recovery”. That commitment is a dangerous one, says Lillian Patterson of the Clean Energy Council.
A seasonal heat storage plant which will have a capacity of about 90GWh looks set to begin construction next year in Vantaa, Finland, with water stored in underground caverns heated to 140°C using renewable energy and waste heat.
Battery storage is flexible, remarkable — and investable — but you need to know what you’re doing and know where the market opportunities and limits lie. Renewable and clean energy financier Laurent Segalen from Megawatt-X explains some of the things he’s seen as batteries have become an infrastructure asset in their own right.
London-headquartered investment fund GLIL Infrastructure has invested £150 million into Flexion Energy, a “modern utility company and energy storage infrastructure specialist” which is aiming to build 1GW of energy storage in the UK over five years.
NASDAQ-listed zinc-based electrochemical battery storage provider Eos Energy Enterprises has said that a subsidiary of Koch Industries has committed to investing US$100 million into the company.
Energy storage can make a “positive contribution everywhere” in Southeast Asia, but the industry needs to be proactive in helping market regulators to understand the best ways to facilitate its role in their energy systems.
This edition of news in brief focuses on recent acquisitions of three US developers of solar and storage projects, taken from the pages of our sister site PV Tech.
Gresham House Energy Storage Fund (GRID) is on track to own more than 1.2GW of operational battery energy storage systems after securing a deal to acquire 425MW of projects from Gresham House Devco and expanding its exclusive pipeline by a further 427MW.
Thailand-headquartered renewable energy group BCPG will invest US$24 million into vanadium redox flow battery (VRFB) manufacturer VRB Energy, aimed at accelerating VRB’s utility-scale VRFB business.
Amazon has invested in India-headquartered battery management software and electronics specialist ION Energy through its US$2 billion fund to support companies with promising sustainability technologies.
Funding has been raised towards the execution of two battery energy storage projects in Virginia and Texas with a total capacity of 400MW / 1,400MWh, from a partnership of two investment groups and a power project development company.
US Congress has been urged to unlock US$50 billion of federal spending power to implement upgrades to the country’s electricity sector, including measures to support energy storage.
This edition of news in brief from around the world in energy storage focuses on solar-plus-storage updates from Africa.
Hybrid renewables are playing a strategic role in accelerating the decarbonisation of power generation and supporting the Paris Agreement and the United Nations Sustainable Development Goals (SDGs), as well as supporting the UK’s net zero by 2050 ambition and its interim emissions reduction of 78% by 2035. Consultant Peter Lo of ITPEnergised discusses the UK’s emergence into the hybrid energy sector and how it is better for our planet, better in the economics and better for offtake.
Verdant Microgrid, a developer of distributed generation projects ranging from 1MW to 20MW largely for commercial and industrial (C&I) sector customers, has secured a US$150 million financing agreement to further its activities.
Renewable energy investment group CleanCapital and artificial intelligence-driven energy storage provider Stem Inc have provisionally agreed a financing partnership for US energy storage projects of 30MW or under.
Energy-Storage.news was delighted to host this webinar with consultancy Clean Horizon, where we look at the new ancillary service opportunity that could bring a much-needed revenue stream anchor to the European energy storage market.
Concern has been expressed about the lack of attention and funding for energy storage in plans for economic recovery and post-pandemic resilience tabled by European Union Member States.
Macquarie’s Green Investment Group (GIG) has acquired a portfolio of 187MWh of late-stage development battery storage projects in the UK.