While seeming “tech breakthroughs” garner a great deal of media attention, the three key factors in determining the likely impact of storage tech companies are innovative technology, scalability and a proven track record, a Bloomberg New Energy Finance analyst has said.
French energy storage system maker Electro Power Systems has reported “outstanding results” for the first quarter of this year as well as a €2.4 million backlog of orders in East Africa, Asia-Pacific and Italy.
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.
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.
Global maker of construction and mining equipment Caterpillar has launched an integrated micro-grid solution which combines solar PV and energy storage with the company’s power generation equipment.
SolarReserve eyes 1GW solar thermal storage deal in China, first bi-directional inverter launched and proposed Australian pumped hydro site up capacity to 450MW.
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.
While the effectiveness of flow batteries in islanded situations is quickly being recognised, on the grid, the cost of providing that storage is still seen as something of an inhibitor to uptake. Andy Colthorpe spoke with the RedT CEO, Scott McGregor, to get his views on how flow batteries can thrive – and why lithium-ion is not the enemy.
Mercom Capital Group’s Q1 2016 report reveals 50% drop in VC funding for battery and storage companies compared to last quarter’s figures.
