A handful of companies are trying to get in early and design and deploy ‘second life’ energy storage units using EV batteries ahead of an expected boom in supply in the second half of the 2020s.

LG Energy Solution and Hanwha, two major players in battery and renewable energy tech, aim to establish battery storage manufacturing in the US.

Renewables developer Intersect Power has brought a 310MWp PV, 448MWh energy storage system project online in California.

Dominion Energy South Carolina has contracted a power purchase agreement for US$200 million solar-plus-storage power plant in the state.

Construction has started on a solar plus storage project on the island of Anegada in the British Virgin Islands for a November 2023 commissioning date.

UK-headquartered NextEnergy Capital has acquired six standalone battery storage and six solar PV projects in Greece.

Wells Fargo, MUFG and Silicon Valley Bank have completed US$260 million of construction financing for Leeward Renewable Energy’s Chaparral Springs solar-plus-storage project in California.

Caban Systems, a US battery tech company offering renewable energy solutions to critical infrastructure industries, has raised US$51 million.

Greenko, an Indian power producer creating a 24/7 renewable energy proposition has announced US$1.2 billion PHES project.

Google’s smart home division has joined a group of companies including Ford, Sunpower and Sunrun in founding a new partnership centred around scaling the market for virtual power plants (VPP).