Italy’s transmission system operator Terna has awarded five-year contracts for battery energy storage systems (BESS) to provide Fast Reserve grid services in an oversubscribed pilot auction.
Canadian public utility company and transmission system operator Hydro-Québec has launched a battery energy storage subsidiary as well as announcing a large-scale green hydrogen project.
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.
