AES Corporation reaffirmed its 2020 financial guidance in presenting its latest quarterly results, which showed a total backlog of renewables and energy storage contracts of 6.2GW, while the company said it will reduce generation from coal to less than 30% of its total capacity by the end of this year.
Germany company Voltstorage, claiming to be the only developer and maker of home solar energy storage systems using vanadium flow batteries, raised €6 million (US$7.1 million) in July.
Lithium battery cells will be rolling off a production line at a 16GWh-capacity factory in France in 2023, with manufacturing startup Verkor then planning to scale up to 50GWh “in line with market dynamics”.
Northvolt has now raised over US$3 billion to support its plans to become a major player in the European battery manufacturing space, including US$1.6 billion in debt financing which it announced today.
US equipment manufacturer and engineering solutions company Honeywell has signed a contract to supply what is thought to be the Ukraine’s first large-scale battery energy storage system.
Mercom: Corporate, VC funding in battery storage dropped back down to pre-pandemic levels in H1 2020
Funding into battery storage companies fell dramatically in the first half of 2020 compared to last year’s equivalent period, according to the latest reporting from Mercom Capital.
A new project called ‘Zero Carbon Lithium’ is being established in Germany by a start-up lithium exploration company with the aim of establishing carbon neutral lithium production.
The US utility-scale energy storage market is projected to maintain its position as the world’s largest and fastest-growing in the coming years, according to a new report from Guidehouse Insights.
The investment case for battery energy storage has really come of age and Ben Irons at grid-scale battery optimisation company Habitat Energy explains why, in this webinar and Q&A.
The reuse of electric vehicle (EV) batteries in stationary storage systems offers great possibilities, but investors still need to gain confidence in the ‘second life’ battery concept, the CEO of a company behind a new project in England has said.
While lithium-ion batteries continue to take the dominant share of new installations by some distance, there are a variety of other technologies looking to complement, combine or even compete. Panellists at the Energy Storage Digital Series looked at the questions of which energy storage technologies are the likeliest contenders for that future.
Taking the UK's transmission system and the circumstances which led to a dramatic blackout as a direct example, Javier Cavada and Gary Preece of liquid air energy storage (LAES) systems company Highview Power look at how such events could be avoided, cost-effectively and with lesser environmental consequences.
This week's roundup comes once again from the pages of our UK sister sites, where there's been plenty of action.
Germany-headquartered battery manufacturer Varta will receive €300 million (US$338 million) of government funding to develop large format lithium-ion cells, which has been deemed a project of potentially strategic interest for Europe.
Mitsubishi, Japanese telecoms co NTT step up focus on renewables, storage, EVs and energy management
Mitsubishi Corporation said today that it is partnering with major Japanese telecoms provider NTT to “study cooperation” in renewables, energy management using electric vehicles and battery energy storage, while according to reports, NTT is investing around US$1 billion a year in renewable energy up to 2030.
Dr Prof John Goodenough, one of the three inventors of the modern lithium-ion battery has congratulated Contemporary Amperex Technology Co Ltd (CATL) as it breaks ground on a new laboratory in China to expand its research and development (R&D) into novel energy technologies.
EDF is set to optimise 49.9MW of battery storage owned by UK developer Pivot Power in a bid to enable "greater flexible electricity capacity for the grid".
An ITC for standalone energy storage systems could finally become reality with its inclusion in a US$1.5 trillion infrastructure investment Bill, tabled by House Democrats.
The US national Energy Storage Association’s policy director, Jason Burwen, spoke with Andy Colthorpe about the seven early adopter states of energy storage targets and whether this is likely to be a spreading pattern across the country.
News in brief from around the world in energy storage.
Industry commentators have expressed shock and surprise that NEC Corporation’s Energy Solutions business has been wound down, while an analyst said the reasons for the energy storage system integrator’s demise are likely to go back further than the COVID-19 pandemic.
Itochu, a major Japanese corporation which has sold over 330MWh of residential battery storage systems in its home market, has invested ¥1 billion (US$9.35 million) in TRENDE, a renewable energy retailer which counts utility company Tokyo Electric Power among its major shareholders, with a view to launching a range of renewable energy and storage-enabled services.
After securing a US$225 million financing facility, US solar developer 8minute Solar Energy has said the “vast majority” of projects in the company’s pipeline “are solar-plus-storage”.
Stem Inc has won out in a competitive Request for Proposals (RFP) to manage a 345MWh fleet of commercial and municipal energy storage systems in Los Angeles, California.
SPONSORED: EDF are one of the largest aggregators of distributed flexible assets in Europe with significant presence in the UK, France, Germany and Belgium. Chris Regan, Head of Energy Trading Services, speaks to Energy-Storage.news editor Andy Colthorpe about EDF's view on battery storage and optimisation, the impacts of the pandemic on this market and what the future could look like.
QCELLS has invested AU$5 million (US$3.45 million) in SwitchDin, an Australian distributed energy resources (DERs) software company that offers capabilities including virtual power plant aggregation and microgrid-forming.
The contract is for the 35MW hybrid York solar farm designed and constructed by developer GRIDSERVE, which was completed late last year.
Battery energy storage deployed at Cleve Hill, the largest solar farm planned in the UK to date, will be installed and operated in line with a safety plan agreed with local fire services and the national Health and Safety Executive.
The European Union’s European Investment Bank (EIB) has affirmed its commitment to supporting a “pan-European battery industry”, while plans of the UK’s first full cycle battery cell gigafactory have been unveiled.
From a full week of webinars and panel discussions, there was a huge amount of ground covered. Here are some more of our takeaways and links to some of the news and views we've already posted.