Energy storage companies “have suffered significant and detrimental harm” from changes to rules governing the frequency regulation market in US regional transmission organisation (RTO) PJM Interconnection’s service area, the Energy Storage Association has said.
UK flow battery provider redT will deliver a 1.08MWh energy storage project to support the distributed energy system in Cornwall, England, and potentially take part in utility Centrica’s developing ‘virtual energy marketplace’.
San Diego, California’s ultracapacitor-based energy storage manufacturer Maxwell Technologies has signed a stock purchase agreement with China’s SFIC Fund Management – a significant investor in China’s storage industry – at US$6.32 per share.
French hybrid energy storage solutions provider Electro Power Systems has secured an equity-linked financing deal to the sum of €30 million (US$31.88 million) with the European Investment Bank (EIB).
A consumer protection scheme for domestic renewables has revealed that it received at least one complaint a week during 2016 related to battery storage, half of which concerned mis-selling practices.
Younicos CEO Stephen L. Prince ponders the role of energy storage within the three ‘Ds’ revolutionising energy: digitisation, decentralisation and decarbonisation.
Advanced Microgrid Solutions (AMS) will deliver commercial energy storage projects based around its ‘Hybrid Electric Buildings’ concept to one of North America’s biggest retailers, Walmart.
Japanese utility/grid operator Tokyo Electric Power Company (TEPCO) has invested half a million pounds (US$624,000) into UK residential energy storage system provider Moixa.
Leclanché has hailed recent project wins and a potential 450MW pipeline in reporting an improvement on its finances, which the company’s CFO has called “the first stage of our journey towards EBITDA breakeven”.
The latest project to be dubbed “Europe’s largest battery” will be a 50MWh project from Dutch energy supplier Eneco and Japanese conglomerate Mitsubishi Corporation in Jardelund, Germany.
