Aspen Aerogels has raised US$150 million in financing from a Koch family investment firm to help grow its aerogel thermal barrier technology division, including new products which prevent thermal runaway in batteries.
Utility-scale battery energy storage system (BESS) installations in the US grew 196% to 2.6GW in 2021 but overall clean power installations fell 3%, according to the latest annual figures from the trade body American Clean Power Association (ACP).
A US government pledge of US$2.9 billion support for the country’s battery manufacturing and recycling value chain is more like a band-aid than the “major surgery” required to fix the problem.
FlexGen Power Systems has launched an electric vehicle charging solution combining its energy management system (EMS) platform and battery energy storage.
Thermal storage startup Antora Energy has raised US$50m from a group of investment firms including Bill Gates’ Breakthrough Energy Ventures to accelerate the development of its heat-based carbon block energy storage system for heavy industry.
The California Public Utilities Commission (CPUC) has unanimously approved plans to add more than 25.5GW of renewables and 15GW of storage in the state by 2032 at a cost of US$49 billion.
Demand for batteries in India will rise to between 106GWh and 260GWh by 2030 across sectors including transport, consumer electronics and stationary energy storage, with the country racing to build up a localised value chain.
Independent power producers (IPPs) Greenko and Ayana Renewable Power will leverage large-scale energy storage to give industrial customers in India ‘round-the-clock’ renewable power supply.
Microinverter supplier Enphase Energy posted strong Q4 2021 results last week that saw strong revenue growth, following high demand for its IQ microinverters and a 53% jump in orders of its IQ batteries compared with Q3 2021, despite supply chain constraints.
Renewables developer Solariant Capital and energy investor Daiwa Energy & Infrastructure (DEI) are collaborating to develop a portfolio of US solar and energy storage projects.
