NEC Energy Solutions has been selected by the UK’s first listed fund targeting energy storage to deliver two projects totalling 19MW, including what could be the largest behind the meter installation in the country.
There has been a substantial drop in the levels of new battery capacity being entered into consideration for the UK’s Capacity Market (CM) mechanism, according to the prequalification results of the next auctions.
Daystar Power, a clean energy supplier based in Africa, has teamed up with Nigerian retail banking group Unity Bank to power the latter’s switch away from diesel, using renewable energy and energy storage.
Stem Inc, which offers commercial and industrial (C&I) customers battery storage systems to lower their energy costs, has partnered with Canadian state-owned utility Ontario Power Generation to offer Ontario businesses ‘no-money-down’ energy storage solutions.
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.
The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
