VC funding for battery energy storage companies in the first half of this year has already exceeded 2016’s total and looks on the way to bettering 2017, with US$539 million raised across 29 deals.
India’s Goods and Services Tax (GST), a single tax applicable across the whole of the country, will be lowered for lithium-ion batteries by 10%, in a move which has been welcomed by the India Energy Storage Alliance (IESA).
Long duration energy storage will be put to use in Germany’s grid, with RedT, a UK-headquartered maker of flow energy storage ‘machines’, announcing an initial 80MWh deployment to the country.
UK transmission network operator (TNO) National Grid has used a new web-based platform to dispatch ancillary services using battery storage in the first example of the new system being implemented across its reserve products.
Hyderabad-headquartered firm Greenko Energies has received state government approval for a huge renewable energy project involving 1GW of solar, 550MW of wind and 1.2GW of pumped energy storage in the Indian state of Andhra Pradesh.
Pivot Power, a UK company targeting the development of 2GW of lithium battery energy storage to be rolled out together with a network of EV chargers, has had the first of its network of energy storage projects approved by a local authority.
‘Flexibility services provider’ Eelpower has bought up its second grid-scale energy storage system from developer Anesco in the UK, the 20MW Rock Farm battery in Shropshire, England.
Next Kraftwerke, offering ‘Virtual Power Plants-as-a-service’, will integrate a 2MW/2MWh battery at the premises of a commercial customer which will be integrated to offer both front-of-meter and behind-the-meter benefits.
Following a month-long judging process, our sister site Solar Power Portal can reveal the 67 entries that make up the shortlists for the 15 categories that make up this year’s awards.
