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Johnson Controls has sold off its power business, including its design and production of automotive batteries, to focus on management solutions for buildings and HVAC systems for industrial customers.
NantEnergy has acquired Sharp Electronics Corporation's US-based energy systems and services business, which develops and delivers energy management systems across the country.
Deep-cycle energy storage system manufacturer Trojan Battery has been acquired by C&D Technologies, a reserve power equipment vendor.
The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$1.2 trillion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
Global shares of renewable energy are increasing, while at the same time data centres become an ever-more important part of our daily lives. Emiliano Cevenini of Vertiv looks at some ways in which renewable energy can combine with UPS and energy storage systems at data centres to offer new possibilities for energy and environmental controls.
Transmission system operators in the US have begun making their moves to accommodate energy storage into their wholesale markets, with New England ISO and Southwest Power Pool both making filings in the past month.
‘Europe’s largest’ energy storage pilot project at an industrial site, combining 2MWp of rooftop solar with a total of 4.2MWh of energy storage across a lithium-ion battery system and two flow batteries has been inaugurated in Belgium.
Quoting an expected doubling in installed PV capacity over the next five years, a partnership between Chinese battery storage system maker BYD and European PV inverter company SMA is targeting the USA market, identifying it - along with Africa - as having “high growth potential” for the pair’s products.
As well as Elon Musk remarking that the company may have had its “best ever quarter” for solar since the SolarCity takeover, Tesla’s energy storage deployments have enjoyed a ramp up, while a fellow exec hinted the stationary battery business is constrained by cell supply.
Uninterruptible power supply (UPS) provider Vertiv is to use energy flexibility specialist Upside Energy’s cloud-based platform to enable its customers to provide unutilised energy to the UK electricity grid.
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News in brief from around the world of energy storage.
The renewables investment community “needs to come to grips” with merchant risk after a decade of being “spoiled” by government-backed subsidies for wind and solar.
It’s likely a strong indication of the way the world is adopting renewable energy rapidly that just under a month ago, one of the best-established trade shows for solar in the US featured what seemed like almost as much space dedicated to national and international energy storage companies and technologies, as it did for solar.
Hecate Energy and InfraRed Capital Partners have announced a partnership to form a new energy storage company called Hecate Grid, which will develop, build, own and operate utility-scale energy storage projects across North America.
The UK’s government has shied away from supporting large volumes of solar and other distributed energy technologies through subsidies, but commercial and industrial energy storage and solar-plus-storage could be a huge market opportunity in Britain and abroad.
Bosch has said its investment in a German energy storage company, just announced today, fits in with a purpose of positioning the engineering giant at the forefront of the emerging ‘digital climate and energy’ industry.