Business models used by Advanced Microgrid Solutions (AMS), including creating “Hybrid Electric Buildings” with energy storage, take the industry to a “new level”, VC investor Nancy Pfund has said.

Fluence, a new energy storage company, has been launched jointly by global engineering giant Siemens and energy storage system integrator and developer AES.

A 2MW utility-scale battery energy storage system has been successfully built and connected for California municipal utility Glendale Water & Power (GWP).

A supply deal has been signed, for components made by Ideal Power to be integrated into NEXTracker’s solar-plus-storage offerings, including power conversion system and solar PV inverter.

While the global energy storage industry has continued its pace of rapid growth during the past year, well-established markets remain highly concentrated in specific regions of the world. Alex Eller of Navigant Research discusses many of the factors influencing growth trends for energy storage at both utility-scale and distributed levels.

Multinational utility Enel will assess the effectiveness of flywheels, having signed an agreement with Amber Kinetics, a manufacturer of the energy storage devices.

Welcome to Part 2 of our in-depth talk with Nancy Pfund, managing partner at DBL Partners, a venture capital firm specialising in companies and start-ups that offer both rewarding financial returns and positive social impacts. As well as being one of the earliest backers to Tesla and SolarCity, to utility-scale solar tracker company NEXTracker to Off-Grid Electric, which deploys solar in rural Africa; to others in energy storage like Advanced Microgrid Solutions and Primus Power, Pfund is extremely well-placed to offer a quick Q&A ‘masterclass’ in energy storage investing.

AES Corporation has closed US$2 billion in finance for the 1.4GW Southland Repowering Project.

Nasdaq Helsinki-listed power company Wärtsilä’s acquisition of software specialist, system integrator and turnkey energy storage system provider Greensmith has been completed.

Expected since the beginning of this year, Massachusetts has confirmed that it will implement an “aspirational” 200MWh energy storage procurement target for electric distribution companies.