Infrastructure investment firm Energy Capital Partners has acquired prolific ‘mid-range’ energy storage project developer Convergent Energy + Power in a deal worth "several hundred million dollars".
Energy supplier Centrica has unveiled its new electric vehicle offering, targeted at helping businesses across the globe navigate the EV transition, with solar and battery storage expected to play a major role.
GRIDSERVE said the new project "ushers in a new era" for "subsidy-free, truly sustainable energy" in Britain.
National Grid has outlined how renewables could participate in the UK's Capacity Market, unveiling technology-specific de-rating factors that range from 1–15%.
The British government Department for Business, Energy and Industrial Strategy (BEIS) and energy regulator Ofgem have today released plans for a major upgrade of the UK’s energy system, while a separate huge funding opportunity for battery innovation has been broadly welcomed by industry.
Arguing that energy storage is “critical to ensuring a resilient, reliable, cost-effective and sustainable grid”, the Energy Storage Association joined with 52 other organisations to plead the place of storage in the Trump administration’s infrastructure priorities.
Although Britain’s government has cut support for renewable energy severely in the past few months, controversially claiming a need to balance the transition away from fossil fuels against the cost to consumers, energy storage may face less of a challenge at the top level, according speakers at a conference in London.
One of the U.S.‘s largest investor-owned energy utilities, Consolidated Edison (Con Edison), is planning to spend US$200 million on demand reduction technologies. Con Edison has filed a proposal with the New York Public Utilities Commission for a Brooklyn/Queens Demand Management Program (BQDM) that it hopes can defer the US$1 billion cost of building a new substation and expanding two existing ones.