US$300 million in new funding from Manulife Investment Management will enable CleanCapital, a clean energy investment platform mostly focused on distributed solar, to also provide “long-term, flexible capital” to energy storage developers.
Energy storage developer Convergent Energy + Power has signed a long-term agreement with grocery store chain Tops Friendly Market for three large-scale community solar-plus-storage facilities in upstate New York.
Liquid air energy storage (LAES) company Highview Power has chosen Volkswagen subsidiary MAN Energy Solutions to provide turbomachinery which will form the core of a 50MW / 250MWh facility under development in northern England.
Paris-headquartered renewable energy power producer Voltalia has begun construction of a 32MW / 32MWh battery energy storage system (BESS) project in the UK.
Powin Energy yesterday officially launched its first high voltage battery storage product, with the Oregon-headquartered battery energy storage solutions provider claiming that 500MWh of customer orders have already been contracted for it.
The Australian Energy Market Commission has drafted a new rule to enable the provision of fast frequency response services to help keep the electricity grid stable which one expert said will be “a really important market for batteries”.
The Americas region is on track to leapfrog Asia-Pacific in terms of deployed energy storage by 2025, before accounting for more than half of global capacity by the end of the decade, new analysis from Wood Mackenzie suggests.
Energy storage technology provider Fluence and battery gigafactory startup Northvolt will collaborate to develop “next-generation battery technology for grid-scale storage applications,” the companies said today.
Three new battery energy storage system (BESS) projects from the US that may not individually make headlines for their relative size, but nonetheless prove the value and flexibility of batteries for the grid.
The UK reached a gigawatt of battery storage deployments in the second quarter of 2020 and the industry has 14.9GW in its development pipeline including 1.8GW of ready-to-build projects and 6.9GW with planning approvals in place.
