An impending €950 million (US$1.07 billion) acquisition of battery manufacturer Saft will enable French oil major Total to “span the value chain” and exploit synergies with EV and solar markets, an energy market expert has said.
US-based Storage provider AES Energy Storage has made significant expansions away from established markets into relatively untapped regions across the globe.
Oil and gas company Total has proposed to buy battery company Saft, which produces devices for the stationary storage industry as well as for transport and other applications.
SolarCity, one of the biggest names in US residential solar, has announced a new set of services targeted at utility and grid operators including the official launch of its grid-scale solar-plus-storage offering.
Tucson Electric Power (TEP), a utility in Southern Arizona with around 420,000 customers, has received approval to build two 10MW energy storage systems, including one co-located with solar, from the state’s regulator.
An influential German think tank and a national energy storage industry association have both said that long-term solutions need to be found for residential solar-plus-storage owners’ part-time reliance on the grid.
SolarReserve eyes 1GW solar thermal storage deal in China, first bi-directional inverter launched and proposed Australian pumped hydro site up capacity to 450MW.
Operators of transmission infrastructure and wholesale markets in the US have supplied their views on energy storage to the Federal Energy Regulatory Commission (FERC), with industry and other stakeholders expected to follow. Energy-Storage.News’ Andy Colthorpe spoke with Energy Storage Association policy expert Jason Burwen on what he describes as a “systematic review” that could have a transformative effect on the market and drivers for storage.
All the news, views and updates from the Energy Storage Summit at Twickenham Stadium, London.
Texas-headquarted Mercom Capital Group recently released its Q1 2016 funding and M&A report for energy storage, smart grid and energy efficiency sectors. Mercom’s CEO and co-founder Raj Prabhu discusses the energy storage trends tracked in this quarter with Energy-Storage.News, especially in light of the drop in venture capital funding this quarter.
