Nickel-hydrogen batteries have been used in space for several years, but a California company adapting the technology for storing energy here on earth has raised US$100 million in a Series A funding round.
The US is likely to install record setting amounts of battery storage this year, demonstrating the acceptance the technology has found in the power sector and as an integral part of the clean energy transition.
Tendering will open this week for a 20MW battery energy storage system (BESS) pilot project in Pakistan that could help shape the creation of an ancillary services market.
Investment tax credit (ITC) incentives for energy storage have been included in the US House of Representatives’ chief tax-writing committee, along with extensions to the solar ITC and reintroduction of a solar production tax credit (PTC).
Success for project proposals combining solar PV with battery storage in Germany’s latest multiple technology tenders for renewable energy are proof of the importance of energy storage, the managing director of German energy storage association BVES has said.
LG Energy Solution has acquired NEC Energy Solutions (NEC ES), the NEC Corporation subsidiary focused on energy storage which announced its exit from the industry last year.
US Vanadium has followed up a recent commitment to ramp up its flow battery electrolyte production with a deal to secure vanadium feed material and the acquisition of a processing plant near its existing facilities in Arkansas.
Canadian Solar’s project development subsidiary Recurrent Energy has sold a majority stake in its 350MW / 1,400MWh Crimson energy storage project currently awaiting the start of construction in California.
South Korean energy company SK E&S has agreed to acquire Key Capture Energy, a developer, owner and operator of grid-scale battery energy storage systems (BESS) in various regions of the US including Texas and New York.
