Stephen Coughlin, CEO of Fluence since the energy storage technology provider jointly owned by AES and Siemens was launched in 2018 will step down at the beginning of May.
There exist opportunities for flow batteries to target areas of the market lithium-ion “can’t provide in an economically justifiable way,” the chief commercial officer of Invinity Energy Systems has said.
What’s being described as Europe’s largest electric car charging park will be kitted out with 2MWh of stationary battery storage systems from Tesvolt, charged with “green energy from the grid”.
While the renewable energy industry has suffered significant blows such as loss of employment during the COVID-19 crisis, venture capital (VC) funding into the battery energy storage sector in the first quarter of this year nonetheless saw a significant increase over the previous year’s equivalent period.
“We are happy about the Italian government’s decision that allows us to fully resume business operations in Italy,” Manz AG CEO Martin Drasch has said, following a ruling that deems lithium-ion battery production to be of ‘strategic importance’ for the European country.
Energy storage manufacturing giant CATL has partnered with Shenzhen KSTAR Science & Technology to construct a new lithium-ion battery manufacturing facility Fujian, China.
AutoGrid has struck a deal to supply its distributed energy resources management system (DERMS) platform to NRTC, a cooperative association serving more around 20 million homes in rural America.
The upstream segment of the US energy storage industry is expecting “more widespread and greater revenue declines” and bigger reductions in employment in the first quarter of 2020 than the downstream, a survey by the national Energy Storage Association (ESA) has found.
