Private equity fund SoftBank Vision Fund has officially signed off on a Memorandum of Understanding (MOU) with Saudi Arabia’s Public Investment Fund (PIF) to develop 3GW of PV and energy storage capacity within Saudi Arabia.
The amount of VC funding invested in battery energy storage companies in the first nine months of this year has more than doubled from the equivalent period of 2016, according to a report from Mercom Capital.
No one moment took energy storage into the mainstream of the UK power system more than the outcome of National Grid’s August 2016 tender for Enhanced Frequency Response (EFR). Reporter David Pratt examines the business case behind Vattenfall’s first EFR project and asks what grid operators and regulators’ next moves are likely to be.
Independent accreditation and testing company DNV GL has created Battery XT, the first testing-based verification of battery lifetime for Li-on batteries.
In its home territory of Germany, energy storage provider Sonnen is making a play to replace utilities, but its business models in the US will instead emphasise cooperation with existing energy suppliers.
China-based EV and storage specialist BYD is to supply batteries to projects built by Silicon Valley commercial energy storage provider Green Charge, which is a subsidiary Engie North America.
The Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy Agency (ARENA) have both financed the Kennedy hybrid solar, wind and storage project in north Queensland, which is being developed Windlab and Eurus Energy.
