Venture capital (VC) funding in battery storage companies in the third quarter of 2020 was up 78% on the previous quarter, while total corporate funding in the sector for the first nine months of the year rose by 62% compared to the same period in 2019.
The latest annually-published figures from financial advisory and asset management firm Lazard show that the on the levelised cost of energy storage (LCOS) continues to fall, with solar-plus-storage becoming increasingly price competitive.
The specific cell chemistry chosen by rechargeable lithium-ion battery manufacturers and suppliers may be the “most visible” characteristic of their devices, but is only one of five primary factors influencing battery performance.
Vertically integrated solar PV company Canadian Solar will install 75MW / 300MWh of battery energy storage at a California solar power plant owned by Goldman Sachs Renewable Power.
A group of Community Choice Aggregators (CCAs) in California, US, are seeking long-duration energy storage to add resiliency to their electricity networks serving around three million customers.
10MW / 20MWh of Tesla Megapacks used for Alberta’s first-ever large-scale battery energy storage system have gone into action as TransAlta Renewables announced the project has reached commercial operation.
Wärtsilä Corporation launched its newest modular energy storage system solution at a ‘critical municipal infrastructure’ project performing grid services and reducing peak demand for a city in Virginia, US.
While planning a better future for California’s energy system will take time and lies in the hands of many, many stakeholders from regulators to government to citizens and corporations, here are a few more of the recent moves forwards in clean energy in the state.
Battery storage has been cited among potential options for reducing the emissions and other environmental impacts created by 461MW of gas-fired peaker plants in New York State.
