The utility-scale energy storage market will exceed US$2.5 billion in revenue by the year 2023, according to forecasting by Navigant Research, the research arm of consultancy Navigant.
Nuclear and renewable energy technology engineer, Areva has teamed up with renewables energy generator and distributor, Schneider Electric.
A large-scale storage system made by reusing electric vehicle batteries has been developed and deployed at a 10MW solar farm in south western Japan by Sumitomo Corporation.
Grid-scale electrical energy storage (EES) company Primus Power announced that a Series C funding round has secured US$20 million worth of investment, including a “major contribution” from Anglo American Platinum.
