UK-headquartered developer-investor Zenobē Energy and US recycling specialist Redwood Materials made the biggest VC-funded deals for energy storage companies in the first nine months of 2023.
US-made battery energy storage system (BESS) DC container solutions will become cost-competitive with those from China in 2025 thanks to incentives under the Inflation Reduction Act (IRA), Clean Energy Associates said.
Only half of the energy storage needed to properly integrate the potential solar PV additions globally by 2030 will be deployed based on current policies, the International Energy Agency (IEA) said in its World Energy Outlook report for 2023.
Hitachi Energy has acquired Spanish power electronics and energy management system manufacturer Eks Energy (EKS) from battery storage system integrator Powin.
A US$10.5 billion programme to “strengthen grid resilience and reliability” across the US includes funding for microgrids and other projects that will integrate battery storage technologies.
Enervenue, the US company commercialising technology adapted from nickel-hydrogen batteries used in space exploration, has signed a three-year Master Supply Agreement (MSA) with a customer in Brazil.
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.
Four battery energy storage system (BESS) units at a Microsoft data centre in Sweden from Saft have entered operation, while ABB has added ZincFive as a technology supplier for its own UPS solutions.
