Nuclear generation company Exelon and chemical company Albemarle, which has lithium mining facilities, are investigating opportunities in the energy storage space, having partnered with battery energy storage investor Volta Energy Technologies to do so.
Developer Convergent Energy & Power has installed a commercial and industrial (C&I) energy storage system in Ontario for an injection-moulded plastics company, sized with 8.5MWh of batteries.
Battery storage technology costs will have to fall by a further 30% before projects in the UK are feasible without lucrative frequency response revenues, a leading investor has said.
Norwegian oil and gas company Statoil’s Batwind project in Scotland, combining wind turbines with energy storage, will have a battery system installed by system integrator Younicos.
Australian large-scale renewables investor Lyon Group has confirmed it is selling three projects under development, totalling 800MWh of energy storage and 545MW of PV generation capacity, in Queensland, Victoria and South Australia.
Swiss institutional investment group SUSI Partners has agreed to finance C$120 million (US$94.56 million) of commercial and industrial (C&I) sector energy storage projects by Canadian project developer/owner NRStor.
Battery Energy Storage Solutions (BESS), an investor and would-be asset owner in the UK, has raised more than £50 million (US$66.18 million) of outside investment, setting its sights on making energy storage project acquisitions in Britain.
Panellists at the opening day of Solar and Off-Grid Renewables Southeast Asia event in Bangkok warned that investors who come on board quickest are going to gain a huge advantage as solar-plus-storage starts to become viable at scale.
While energy storage can be considered “critical” to Australia’s transformation to a distributed, low carbon energy mix, a lack of investment and planning for the technology could have negative consequences for the network.
Narada Power, which makes batteries and complete energy storage systems as well as acting as a project system integrator, is establishing a subsidiary for the recycling of lithium-ion batteries.
Australia’s Clean Energy Finance Corporation (CEFC) will help finance the country’s first “unsubsidised large-scale grid-connected battery”, co-located with a wind farm in South Australia.
An Indian state-owned energy services and energy efficiency company is set to invest in 14MWh of grid-scale storage in Canada through a joint venture (JV) with UK company EnergyPro Limited (EP).
A project demonstrating the integration of energy storage onto grid networks in Hubei, China, will see the first phase of a 10MW / 40MWh project built by Pu Neng, a vanadium flow battery manufacturer.
ZEN Energy’s newly appointed chairman has said he believes there is a “great future for energy-intensive industries in Australia,” as his company approved a 1GW plan for dispatchable renewables aimed at South Australia’s commercial and industrial sector.
Having been subject to discussion for years within the academic sphere, energy storage projects have become a topic of high interest to energy sector focused investors in recent years. Philipp Lobnig of E-nable+, an online platform connecting energy projects with investors, offers his views on the key questions these investors should be asking.
Energy storage investors in Britain will need to have their projects in the ground by June next year at the latest if they are to take advantage of the lucrative new ancillary services market set to be implemented by National Grid, according to Sungrow’s European managing director.
Automation and engineering group ABB has signed on to become a supplier to a planned European lithium-ion battery ‘Gigafactory’ for Swedish start-up Northvolt.
Officials from 56 Muslim-majority nations have come together to pledge new climate-related technology goals that included promoting microgrids, energy storage and renewable energy targets.
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.
Australia’s biggest utility AGL, which has committed to phasing out coal by 2050, has said it is likely to replace the capacity provided by one ageing power station with batteries, peaking plants, demand response and pumped hydro.
The government of Jay Weatherill, premier of South Australia, has just formally launched three Calls for Proposals under the Renewable Technology Fund, a programme to foster private investment and accelerate project development in clean energy technologies.
A City of London investment bank has said it agrees that Swiss energy storage maker and integrator Leclanché will reach profitability, but expects it to take a year longer than the company itself has predicted.
What is claimed to be the UK’s largest stand-alone battery storage facility has been successfully commissioned by Hazel Capital as the investor continues to build its energy storage project portfolio.
UK storage developer Green Hedge has secured £30 million of investment from infrastructure investor Zouk Capital to help it chase further battery developments.
Welcome to Part 2 of our in-depth talk with Nancy Pfund, managing partner at DBL Partners, a venture capital firm specialising in companies and start-ups that offer both rewarding financial returns and positive social impacts. As well as being one of the earliest backers to Tesla and SolarCity, to utility-scale solar tracker company NEXTracker to Off-Grid Electric, which deploys solar in rural Africa; to others in energy storage like Advanced Microgrid Solutions and Primus Power, Pfund is extremely well-placed to offer a quick Q&A ‘masterclass’ in energy storage investing.
Nancy Pfund is managing partner at DBL Partners, a venture capital firm which specialises in investing in companies and start-ups that offer both rewarding financial returns, and positive social impacts. There have been some serious clean tech companies in DBL’s portfolio, including a pre-IPO investment in Tesla. With this in mind, we spoke to Nancy about how to invest in energy storage wisely and heard her views on the waves of the future. Part 2 to be published tomorrow.
An analyst at Navigant Research has said he was surprised to see Tesla dominate California’s SGIP (Self-Generation Incentive Program) applications, with the Silicon Valley car and tech company accounting for half of all requested funds.
Major solar investor Foresight Group has more UK battery storage projects firmly its crosshairs and could branch out into both C&I and co-located projects in the near future.
UK-based infrastructure investor Foresight Group has sealed its maiden battery storage purchase, acquiring the 35MW RES-built Port of Tyne project in the North-East of England.
The Renault-Nissan Alliance will build a 100MW battery storage project using its second-life EV batteries, according to media reports.