Compressed Air Energy Storage (CAES) company Hydrostor announced Tuesday that it has sought the services of Australian global infrastructure firm AECOM to support its entry into the market.
The sale of an NEC Corporation business division involved in manufacturing lithium-ion batteries will have no material impact on the group’s activities in energy storage, according to a company spokesman.
There is a global trend towards longer duration energy storage and even in this segment, lithium-ion batteries are expected to dominate the market over flow batteries and other technologies, an I.H.S Markit analyst has told Energy-Storage.News.
A 100MW tender for energy storage, part of a 400MW auction for renewable energy projects, has been officially launched by the regional government of Queensland, Australia.
Primus Power, a flow battery maker which claims its systems can cost less than half the price of lithium-ion energy storage over its lifetime, is establishing manufacturing lines in China.
Australian energy firm Genex Power has received first-round board approval from the Northern Australia Infrastructure Facility (NAIF) for potential debt funding of its 270MW solar PV and 250MW pumped hydro projects, that are part of the Kidston Renewable Energy Hub, in Northern Queensland.
Trina BESS, the battery energy storage company originally launched alongside Chinese PV giant Trina Solar but now run as an entity in its own right, sold 1,000 residential units in the first half of this year.
Australia’s defence minister has welcomed the start of work on a solar-plus-energy storage microgrid at a military base in Perth by developer Carnegie Clean Energy.
BYD has announced a tie-up with the inverter manufacturing division of Kostal, where the former’s latest high voltage energy storage systems will be paired with the latter’s PIKO brand inverters.
The amount of energy storage investment that came from VC (venture capital) funding more than doubled in the first half of 2017 compared to last year, a new report has found.
