UK investment management firm Gresham House has confirmed it is to launch a fresh fund raising drive as it sets its sights on a new, 182MW pipeline of battery storage projects.
Southern California Edison, one of the US’ top-ranking utilities for energy storage capacity already deployed, has signed contracts for seven more projects, totalling 195MW in its California service area.
US$400 million of funding pledged by New York’s state Governor Andrew Cuomo last week towards his “comprehensive climate agenda” will include US$280 million in support for energy storage.
North Carolina-headquartered utility Duke Energy has agreed to sell a minority stake in a roughly 1.2GW portion of its renewable energy portfolio for US$1.25 billion.
A fire at a large-scale battery energy storage project late last week left four firefighters injured in Arizona, with two reported to be seriously injured, in an incident now under investigation.
Subsidiaries of state-run energy conglomerate China Energy Engineering Corp have started constructing two major solar plants and one of the largest energy storage systems in China, according to filings on the Stock Exchange of Hong Kong (HKEX).
Electrical and heat storage using specially nanocoated salt (NCS) could be economically competitive with pumped hydro, SaltX has said, with a large-scale demonstration facility inaugurated in Berlin, Germany.
