Venture capital (VC) funding in battery storage companies in the third quarter of 2020 was up 78% on the previous quarter, while total corporate funding in the sector for the first nine months of the year rose by 62% compared to the same period in 2019.
A 50MW / 75MWh battery energy storage system (BESS) project in Western Sydney, Australia, will receive AU$21.5 million (US$15.35 million) in assistance from the federal and state governments towards its total cost of AU$61.9 million.
The first phase of a 1,000MW behind-the-meter virtual power plant (VPP) is expected to begin deployment in Australia as soon as the state of Victoria’s COVID-19 lockdown is over.
The latest annually-published figures from financial advisory and asset management firm Lazard show that the on the levelised cost of energy storage (LCOS) continues to fall, with solar-plus-storage becoming increasingly price competitive.
Following our recent webinar on ultra-capacitors and the role they could play in the energy transition, Johan Söderbom, EIT InnoEnergy’s thematic leader for energy storage and smart grids, explains the deepening connection between wind power and ultra-caps.
The specific cell chemistry chosen by rechargeable lithium-ion battery manufacturers and suppliers may be the “most visible” characteristic of their devices, but is only one of five primary factors influencing battery performance.
The locations for three ‘community battery’ projects have been announced by Australian electricity distribution company Ausgrid, set to be deployed next year.
About a year after unveiling what is thought to be the first large-scale Tesla Powerpack battery project in the Balkans, Slovenian energy services company NGEN has confirmed that it has completed its second, even bigger project.
Vertically integrated solar PV company Canadian Solar will install 75MW / 300MWh of battery energy storage at a California solar power plant owned by Goldman Sachs Renewable Power.
We caught up with Bo Normark in his capacity as EIT InnoEnergy executive to discuss the past, present and future of energy storage, with his organisation taking the lead in the European Battery Alliance.
