UK flow battery provider redT will deliver a 1.08MWh energy storage project to support the distributed energy system in Cornwall, England, and potentially take part in utility Centrica’s developing ‘virtual energy marketplace’.
French hybrid energy storage solutions provider Electro Power Systems has secured an equity-linked financing deal to the sum of €30 million (US$31.88 million) with the European Investment Bank (EIB).
Younicos CEO Stephen L. Prince ponders the role of energy storage within the three ‘Ds’ revolutionising energy: digitisation, decentralisation and decarbonisation.
California’s Self-Generation Incentive Program (SGIP), the scheme to incentivise the use of distributed energy, opens for applications at the beginning of next month, weighted to favour energy storage.
Leclanché has hailed recent project wins and a potential 450MW pipeline in reporting an improvement on its finances, which the company’s CFO has called “the first stage of our journey towards EBITDA breakeven”.
A Swiss fund aimed at encouraging institutional investors to get on board with energy storage has reached its first closing at €66 million (US$70.4 million).
Axion Power International, focusing on “hybrid battery technology” that combines lead acid with the properties of carbon-based supercapacitors, has warned that it is in financial trouble after failed attempts to commercialise its devices.
Belectric has developed PV plants on every continent of the globe except Antarctica and also delivers energy storage system projects and offers a wide range of energy storage solutions including in-house battery systems, turn-key large-scale battery storage as well as scalable container solutions. Managing director of Belectric Solar and Battery, Frank Amend, spoke to Energy-Storage.News about the company’s recent acquisition by RWE subsidiary innogy and where the company sees energy storage (and solar) going.
Fundamental changes in how battery energy storage technology works come faster than they have done in solar PV or wind historically – and governments and regulators will need to adapt to keep up, one industry insider has told Energy-Storage.News.
A multi-million pound EU funded project is set to provide the Isles of Scilly with a new smart energy system, using new software platforms to manage supply and demand through renewables, energy storage and electric vehicles.
