News in brief from around the world of energy storage.
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.
A contract with utility Southern California Edison (SCE) has led to Advanced Microgrid Solutions (AMS) supplying 2GWh of grid services from just 60MWh of energy storage during 2018, with one analyst dubbing the feat an “impressive milestone”.
The commercial and industrial segment is one of the most promising sub-sectors of the energy storage space. Julian Jansen of IHS Markit describes recent efforts to model the US C&I storage landscape and what it reveals about this dynamic emerging market. As told to Andy Colthorpe.
Leaders in the fledgling commercial and industrial (C&I) sector in the US have made energy storage ‘as-a-service’ the core of their proposition, a market analyst has said.
Business models used by Advanced Microgrid Solutions (AMS), including creating “Hybrid Electric Buildings” with energy storage, take the industry to a “new level”, VC investor Nancy Pfund has said.
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.
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.
Energy storage solutions and software company Greensmith Energy announced Tuesday that Oncor Electric Delivery has appointed Greensmith as the software provider for its microgrid facility in Dallas.
The remote microgrid market is maturing regarding technology and financing. Now improved sales and marketing methods are needed to commercialise the huge potential on offer in this burgeoning market segment, writes Thomas Hillig.
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.
Tesla batteries in microgrids will be deployed to help integrate renewable energy into California’s interdependent “water-energy nexus”, as the state faces it worst drought on record.
PV Tech Storage spoke to Nancy Pfund of ‘social impact’ investors DBL Partners, among Tesla’s early backers and participants in two of the top five VC fund plays of this year’s third quarter.
Financial activity in the third quarter of this year was slightly flatter than Q2 for smart grid, batteries, energy storage and energy efficiency, but the average deal size grew, according to Mercom Capital Group.
Mercom Capital Group’s second quarter 2015 report into VC funding in the energy storage, smart grid and energy efficiency sectors made for interesting reading for the battery and storage space. As PV Tech Storage noted on 21 July from the report, VC funding almost doubled over the first quarter of the year and the sector saw Arnold Schwarzenegger put his money where his green credentials are, bringing some celebrity investor gloss to the proceedings. PV Tech Storage spoke to Mercom Capital chief Raj Prabhu to delve deeper into the statistics.