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.
Ambri, a US technology startup with a novel liquid metal battery that it claims can be suitable for long-duration energy storage applications, has netted a US$144 million investment and signed a deal with a key materials supplier
A product recall has been announced for around 10,000 units of residential battery energy storage systems (BESS) by manufacturer LG Energy Solution Michigan in the US, due to potential fire risks.
Hydrostor, a Canadian company with projects under development in North America and Australia using its advanced compressed air energy storage (A-CAES) technology, has secured CA$10 million (US$7.99 million) growth capital.
The US’ installed battery storage capacity reached 1,650MW by the end of 2020, but the country is on track to have nearly 10 times that amount by 2024, according to the national Energy Information Administration (EIA).
New York utility Con Edison has issued a request for proposals (RFP) for scheduling and dispatch rights to at least 200MW of energy storage, while its Greater New York subsidiary Orange & Rockland is seeking at least 10MW.
Financing has been secured for two projects that will add nearly a gigawatt-hour of battery storage at California solar power facilities this year, by renewable energy company Terra-Gen and private asset management firm Capital Dynamics.
