Japanese financial services company Orix Corporation has invested in UniEnergy Technologies (UET), a US company delivering large-scale energy storage based around its own vanadium flow batteries.
A document setting out new policy directions on solar support says the UK government has recognised the potential of energy storage but has decided the feed-in tariff would not be an appropriate mechanism to incentivise uptake.
Energy storage provider AES Energy Storage has signed a multi-year agreement for Korean battery supplier LG Chem to provide 1GWh of lithium-ion battery capacity for AES’s energy storage systems, which a US analyst has said could take around seven to eight years to install and be worth an estimated US$300 million.
News in brief: UK pro-solar Conservative politician Gregory Barker and film star Leonardo DiCaprio have joined the advisory board of Powerhive; Ireland’s government has become the latest to recognise the potential of energy storage in its national low carbon transition; and flow battery maker has supplied systems to projects in Europe that demonstrate the technology’s strengths in integrating PV generation.
AES Corporation’s Steve Corwell argues that pumped hydroelectric storage (PHS), long a key complement to the inflexibility of nuclear generation due to its ability to provide on-demand power, has met its match in battery energy storage systems (BESS).
Behind-the-meter energy storage controls based around Nissan’s EV batteries and a ‘software-defined power plant’, both designed to incorporate a range of energy resources including solar, have been launched in the past week.
The UK’s Renewable Energy Association has slammed the results of an auction held to ensure the country has enough available capacity to avoid blackouts, with 153MW of energy storage bidding unsuccessfully in the tender.
Germany-based utility E.ON has invested in US energy storage software, systems and service company Greensmith, bringing the storage specialist’s Series C round of growth financing to US$18.3 million.
Thin-film PV manufacturer and project developer First Solar is among the investors in a US$50 million funding round for grid-scale storage specialist Younicos, with the money raised set to fuel the latter’s expansion.
PG&E presents 75MW of energy storage contracts to CPUC, AMS appoints Alain Steven as CTO, Wattstor installs UK’s ‘first’ non-toxic saltwater battery storage system.
