London Stock Exchange-listed transatlantic flow battery manufacturer Invinity Energy Systems has conditionally raised £25 million (US$33.46 million) gross proceeds through a share placing.
Long-duration energy storage has a crucial role to play in decarbonising the global energy system sufficiently to avoid catastrophic climate change as long as its value can be unlocked.
Energy storage can change electricity’s status as the ultimate ‘just-in-time’ product, where supply and use have to be matched in real-time, but this won’t be possible without increasingly sophisticated software solutions.
Enel X, one of the winners of contracts tendered by Italy’s transmission operator to provide fast response frequency reserve to the grid, has contracted Fluence to supply two battery energy storage system (BESS) solutions.
Global clean energy group TagEnergy and the UK’s Harmony Energy have announced two grid-scale battery storage projects in England and Scotland to be developed through the pair’s joint venture (JV).