Insurance is a cornerstone of de-risking financing and investment into energy storage

It’s been a positive week for thermal energy storage technology, with utility Edison International validating a cold storage solution, a collaboration between two groups to achieve 100% round trip efficiency, and an acquisition involving several intellectual property rights patents.

Energy group Enel has started operating a 4MW/1.7MWh backup power storage system at a plant in Spain’s North African territory using 78 repurposed Nissan electric vehicle (EV) batteries.

Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030.

Jaguar Land Rover is developing an energy storage system (ESS) unit powered by second life batteries from its electric vehicles.

Australia’s Prime Minister Scott Morrison has announced financial support for four technology sector manufacturing projects, including a vanadium processing plant.

Honeywell and Duke Energy will jointly develop and deliver microgrid solutions to US cities.

Saft has won a turnkey contract for a 7MWh battery energy storage system (BESS) in a Norwegian archipelago which it claims is the largest in the Arctic.

Huawei has agreed to provide the complete solution for what looks set to be the biggest project of its type in Africa so far.