Technology group Honeywell’s energy storage solutions arm will supply a 20MW/80MWh battery system for renewables group Hecate Energy’s solar farm in New Mexico, USA.
Although different energy storage technologies are often thought of as in competition with each other, it’s a case of all-hands-on-deck if we are to achieve deployment targets.
Although huge amounts of capital are being deployed into storage, some investors speaking at the Energy Storage Summit 2022 made it clear that the investment model is still set to evolve hugely.
US President Joe Biden announced a “major investment in domestic production of key minerals and materials” this week, including efforts to strengthen supply chains of lithium and other materials used in batteries.
Italy-headquartered global energy storage and electric vehicle (EV) technology group NOAH, formerly Engie EPS, is expanding in the US market with one project recently going online and two more in the pipeline.