A Swiss fund aimed at encouraging institutional investors to get on board with energy storage has reached its first closing at €66 million (US$70.4 million).
Axion Power International, focusing on “hybrid battery technology” that combines lead acid with the properties of carbon-based supercapacitors, has warned that it is in financial trouble after failed attempts to commercialise its devices.
Compressed air energy storage plants could be rolled out across Canada from energy storage project developer NRStor and advanced adiabatic compressed air energy storage (A-CAES) firm Hydrostor.
Brisbane-based renewable energy investor Lyon Group will soon start building a AU$1 billion (US$767 million) solar-plus-storage farm in South Australia – the world’s largest.
Foresight Group, one of the top five asset owners in UK solar, is expecting to close its first battery storage acquisition in the coming weeks as it looks to complement its existing infrastructure portfolio.
Belectric has developed PV plants on every continent of the globe except Antarctica and also delivers energy storage system projects and offers a wide range of energy storage solutions including in-house battery systems, turn-key large-scale battery storage as well as scalable container solutions. Managing director of Belectric Solar and Battery, Frank Amend, spoke to Energy-Storage.News about the company’s recent acquisition by RWE subsidiary innogy and where the company sees energy storage (and solar) going.
Flow battery manufacturer ViZn Energy Systems has won a contract to provide a 1MWh zinc-iron flow battery to India’s majority network operator and utility Power Grid Corporation of India Limited (PGCIL).
A “first-of-its-kind” project financing deal will bring 50MW of Tesla Powerpacks online in California, Macquarie Capital, the investing and advisory arm of global finance corporation Macquarie Group has said.
California-headquartered grid-scale electrical energy storage company Primus Power has secured US$32 million in equity financing from a range of investors including a well-known Saudi family, to help accelerate its EnergyPod 2 storage system.
Utility San Diego Gas and Electric (SDG&E) and Sumitomo Electric (SEI) have launched a 2MW/8MWh pilot vanadium redox flow battery storage project in California to study how the technology can reliably integrate renewable energy and improve flexibility in grid management.
