A Swiss fund aimed at encouraging institutional investors to get on board with energy storage has reached its first closing at €66 million (US$70.4 million).

The world pipeline for energy storage on the utility side of the meter has doubled in the past year, reaching 3.4GW, according to new research by I.H.S.

Axion Power International, focusing on “hybrid battery technology” that combines lead acid with the properties of carbon-based supercapacitors, has warned that it is in financial trouble after failed attempts to commercialise its devices.

A containerised flow battery dubbed the ‘largest’ such system in the US has been matched for size by another system dedicated last week in Snohomish, Washington.

Compressed air energy storage plants could be rolled out across Canada from energy storage project developer NRStor and advanced adiabatic compressed air energy storage (A-CAES) firm Hydrostor.

Brisbane-based renewable energy investor Lyon Group will soon start building a AU$1 billion (US$767 million) solar-plus-storage farm in South Australia – the world’s largest.

Foresight Group, one of the top five asset owners in UK solar, is expecting to close its first battery storage acquisition in the coming weeks as it looks to complement its existing infrastructure portfolio.

Belectric has developed PV plants on every continent of the globe except Antarctica and also delivers energy storage system projects and offers a wide range of energy storage solutions including in-house battery systems, turn-key large-scale battery storage as well as scalable container solutions. Managing director of Belectric Solar and Battery, Frank Amend, spoke to Energy-Storage.News about the company’s recent acquisition by RWE subsidiary innogy and where the company sees energy storage (and solar) going.

Flow battery manufacturer ViZn Energy Systems has won a contract to provide a 1MWh zinc-iron flow battery to India’s majority network operator and utility Power Grid Corporation of India Limited (PGCIL).

The UK’s energy regulator has taken what appears to be an encouraging viewpoint on “double charging” of energy storage, clarifying the definition of the technology’s role in the grid, according to one expert view.