Deals to establish manufacturing and supply of energy storage system (ESS) solutions and components closer to where demand is in the North American market have been signed by Powin Energy and KORE Power.

The engineering, procurement and construction (EPC) team at international construction firm Burns & McDonnell has brought online 60MWh of battery energy storage systems (BESS) in West Texas.

Fluence has entered a collaboration with solid-state lithium-metal battery startup QuantumScape, with the pair working together to develop stationary energy storage solutions using the new technology.  

The asset management group of investment banking firm Goldman Sachs is making a US$250 million investment into advanced compressed air energy storage (A-CAES) company Hydrostor.

A 20MWh vanadium redox flow battery (VRFB) project is being developed for construction at the site of an existing natural gas peaker plant in California, by South Korea’s H2 Inc.

News in brief from around the world in energy storage.

China’s energy storage industry entered a period of “rational adjustment” in 2019, as overall growth in new projects and capacity slowed down, yet deployed around 519.6MW/855MWh of new electrochemical energy storage capacity domestically.

Energy storage in the US is being propelled forward by falling costs and increasingly favourable markets and policy. But for the full value of storage to be realised, numerous regulatory and fiscal barriers must still be surmounted, writes Matt Roberts.

The US energy storage market grew 243% last year, making 2015 the biggest year of any on record for storage, according to GTM Research.