The ‘world’s first dedicated energy storage infrastructure fund’ will invest in California battery energy storage projects, with Macquarie set to sell 50% of a 340MWh tranche to the fund’s owner, SUSI Partners.
The amount of VC funding invested in battery energy storage companies in the first nine months of this year has more than doubled from the equivalent period of 2016, according to a report from Mercom Capital.
A distributed infrastructure subsidiary of Southern Company, one of the US’ biggest utilities, has formed a partnership with Advanced Microgrid Solutions (AMS) to execute behind-the-meter distributed energy projects.
Advanced Microgrid Solutions (AMS) will deliver commercial energy storage projects based around its ‘Hybrid Electric Buildings’ concept to one of North America’s biggest retailers, Walmart.
A “first-of-its-kind” project financing deal will bring 50MW of Tesla Powerpacks online in California, Macquarie Capital, the investing and advisory arm of global finance corporation Macquarie Group has said.
Advanced Microgrid Solutions (AMS) and Pedernales Electric Cooperative (PEC) have been awarded a US$3.24 million grant from the Department of Energy (DOE) to demonstrate the use of energy storage to stabilise high penetrations of solar energy into Texas’ electric grid.
A dozen San Diego schools in the Poway district of San Diego, California, have taken energy storage systems from Green Charge, with 6.3MWh cumulative capacity.
Tesla strikes again in Southern California Edison’s infrastructure overhaul, picking up 7MW battery storage contract at Orange County water agency.
Energy storage system integrator Advanced Microgrid Solutions (AMS) has secured US$200 million of project finance from Macquarie.
PG&E presents 75MW of energy storage contracts to CPUC, AMS appoints Alain Steven as CTO, Wattstor installs UK’s ‘first’ non-toxic saltwater battery storage system.
Oil major Shell is to purchase 20MW of energy storage from Advanced Microgrid Solutions (AMS).