Softbank Group’s SB Energy subsidiary is among investors that contributed to a successful US$30 million Series C funding round for ESS Inc, a US-headquartered manufacturer of iron flow batteries that use a proprietary saltwater electrolyte.
Australia’s strong and ongoing potential for energy storage paired with solar PV has seen international and domestically-headquartered companies race to gain market share.
Energy-Storage.news was delighted to be asked to moderate a session in which participants and pioneers of UK energy storage – and solar – gave their perspectives on everything from the right technologies and what they can do, how financiers view the market today, to how we can all join together to create a modern, clean and sustainable energy sector.
Officially inaugurated a few weeks ago in Slovenia, the first Tesla Powerpack installation in the Balkans took just a few months from April to August to construct, the company behind the project has said.
Advanced battery technology company Saft has executed its first projects in Australia, installing around 2MWh of battery energy storage systems (BESS) at 13 sites in Queensland.
Spanish renewables company Acciona has inked a deal to acquire 3GW of PV projects and 1GW of energy storage from US independent power producer Tenaska.
60MW of energy storage developed by Fluence and Sembcorp Energy UK has come online, lauded as one of the largest transacted fleets of its kind in Europe.
UK liquid air energy storage (LAES) start-up Highview Power said its first ever 250MWh ‘Cryobattery’ installation will be placed at the site of a decommissioned thermal power plant in the North of England and could be Europe’s largest ‘battery’ system when completed.
The rapid acceleration in energy storage deployment expected over the coming years will require innovation in the quality and safety standards underpinning new battery and associated technologies. VDE’s Jan Geder looks at the technical work underway to ensure the coming storage boom has firm bankability and insurability foundations.
KORE Lithium Technologies Inc (KORE Power), a US headquartered manufacturer of nickel manganese cobalt (NMC) battery racks for the utility-scale stationary energy storage market, has retained renewable energy investor CohnReznick Capital as its Investment Bank of Record.
