Southern California Edison (SCE), one of California’s three main investor-owned utilities, has signed new long-term contracts with developers of 590MW of battery energy storage.
The battery storage optimisation and energy trading teams at EDF and Centrica Business Solutions – stalwarts of the UK’s Big Six of utility companies – have won 40MW of new deals to optimise large-scale battery storage systems.
US energy storage safety expert advisory Energy Storage Response Group (ESRG) was created through a meeting of minds from the battery industry and fire service. Andy Colthorpe speaks with ESRG principal Nick Warner and business manager Ryan Franks on what the industry needs to do to win the trust of firefighters, code officials and other stakeholders including banks and insurers.
Lithium battery recycling company Li-Cycle now has capacity to recycle 10,000 tonnes a year of spent lithium-ion batteries, having just opened its Rochester, New York facility for commercial operations.
Stem Inc is set to be publicly-listed and expand its global reach through a deal worth as much as US$608 million, agreed with special purpose acquisition company Star Peak Energy Transition Corp.
London Stock Exchange-listed investor Gresham House Energy Storage Fund has raised £120 million (US$159.86 million) to finance six new energy storage projects.
A new three-year project allowing residential solar and batteries to trade electricity and grid services in Victoria, Australia, is aimed at creating a replicable model marketplace that could be widely expanded across the country.
Singapore-headquartered microgrid company Canopy Power has partnered with Total Solar Distributed Generation (DG) to build a hybrid project for a remote resort island in Cambodia that includes 2MWh of battery storage.
Long-duration energy storage startup Form Energy has confirmed details of its recently reported Series C investment round, with Bill Gates’ Breakthrough Energy Ventures among continuing investors.
