Zinc-air battery-based energy storage system maker Fluidic Energy has received US$20 million in investment for projects in south-east Asia from a private equity fund which includes the Asian Development Bank as a partner.
Energy storage capacity additions will double worldwide to 2.9GWh this year, up from 1.4GWh in 2015, according to the latest report from analyst firm IHS Markit.
Andy Colthorpe and Ben Willis profile some of the companies and technologies making waves in the fast-changing world of stationary energy storage, in a feature article which originally appeared in the seventh issue of PV Tech Power.
US-based Storage provider AES Energy Storage has made significant expansions away from established markets into relatively untapped regions across the globe.
Energy storage provider AES Energy Storage has signed a multi-year agreement for Korean battery supplier LG Chem to provide 1GWh of lithium-ion battery capacity for AES’s energy storage systems, which a US analyst has said could take around seven to eight years to install and be worth an estimated US$300 million.
Lux Research published 2015’s fourth quarter update to its Grid Storage Tracker earlier this month, tracking every stationary deployment of advanced energy storage globally. Dean Frankel, research associate at Lux talks through some of the headline findings and big trends and explains why it has been a “monumental year” for energy storage.
Some news in brief from around the world of energy storage this week: Manz underlines positive assessment of energy storage sector with US$55 million deals, Sonnenbatterie backs US push with investment from INVEN Capital, local sources report AES wants to build 250MW of projects in Philippines.
Australia’s “largest solar and battery storage project to date” will be built by German developer Juwi at a copper and gold mine, with support from public bodies including the country’s Clean Energy Finance Corporation (CEFC).
