Masdar, the Abu Dhabi Future Energy Company, has signed a memorandum of understanding with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between South Korea and the UAE.
Flow battery manufacturer VIZn Energy has confirmed that nearly all its employees have been “furloughed” amid financial difficulties, but denied that the company has exited the business altogether.
EDF has set its sights on becoming a European leader in energy storage after announcing plans to invest €8 billion (~£7 billion) in deploying 10GW of new projects by 2035.
Energy storage can be an extensive value enabler for existing customers of UPS systems, while attracting new commercial and industrial (C&I) users into the space, a spokesman for Vertiv has said.
Indian power minister R.K. Singh has chaired a meeting with battery-based energy storage manufacturers calling on them to set up manufacturing units in India.
The launch of an energy storage ‘as-a-service’ model by lithium battery pioneer Younicos is a “truly mobile offer” the company has said, based around renting assets to clients over two- to four-year contracts.
The energy industry is evolving towards more ‘enterprise platform’-based business models, enabling energy storage to play a vital role for businesses and the grid, NEC Energy Solutions (NEC ES) CEO Steve Fludder has said.
Projects being delivered for the University of Hawaii will allow various campus buildings to eliminate 70% to 100% of fossil fuel use as the state races towards its 100% renewables by 2045 target.
ESS Inc, US manufacturer of a novel iron flow battery for stationary energy storage applications, has entered the German market via an agreement with investor, chemical company BASF.
