Canadian Solar has seen a “surge in demand for battery storage capacity,” CEO Dr Shawn Qu said, as the vertically-integrated solar PV company reported its latest quarterly financial results.
The California Energy Commission has approved rules that would require new buildings, including multi-family housing and commercial structures, to be equipped with solar and battery storage.
The cost of battery energy storage in the US fell by 72% between 2015 and 2019 and utilities in the country are set to bring 10,000MW of new grid-connected capacity online in the next two years.
Eos Energy Enterprises has a total order backlog for its zinc battery-based energy storage of 389MWh, worth nearly US$100 million, but expects to only be able to recognise US$5 million in revenues for 2021.
US development and investment company LS Power has launched Rev Renewables LLC, a new company focused on the development, acquisition and operation of energy storage and renewable projects.
Powin Energy will purchase lithium iron phosphate (LFP) cells from Chinese company EVE Energy and at the same time is “actively in discussions” to try and source cells from US-based facilities for the future.
A 150MW / 600MWh battery storage system would be a central component of a proposed “state-of-the-art clean energy underground highway,” capable of transmitting renewable energy into New York City from Upstate New York, Energy-Storage.news has heard.
Smart energy storage provider Stem Inc has said that it is on course to meet revenue targets set for 2021, as the company made its first quarterly financial results announcement since going public.
The energy storage arm of solar inverter manufacturer Sungrow will supply 1,000MW of battery energy storage system (BESS) equipment to be deployed across six large-scale projects in Texas for customer Broad Reach Power.
The US’ bipartisan infrastructure bill’s passing by the Senate has been applauded by a range of energy storage industry stakeholders for helping unlock the country’s clean energy potential.
