GE’s investment in Sonnen shows a shared belief in online trading of energy and other digitally-enabled services as the fastest potential drivers of a profitable energy storage industry, according to a Sonnen director.
GE Ventures, the venture capital arm of US-headquartered multinational engineering group GE, has invested in German energy storage hardware and services provider Sonnen.
While parallels are often drawn between the solar and storage industries, financing energy storage projects is a lot more complex than simply “transposing” learnings from solar to batteries.
German luxury carmaker Mercedes Benz has officially launched a dedicated energy division, focusing on its range of lithium-ion storage battery systems, following a series of related announcements including tie-ups with inverter maker SMA.
The California Public Utilities Commission (CPUC) has issued a landmark resolution that requires a major utility to procure energy storage capacity as quickly as possible.
Energy storage provider Schmid Energy Systems has signed a memorandum of understanding (MOU) with vanadium supplier VanadiumCorp Resource to jointly work on mineral extraction and developing vanadium electrolyte.
Anthony Price of consultancy Swanbarton previews the International Flow Battery Forum in Germany with a quick primer on the technology, its uses and some of the players attending the event.
A local authority in London has procured a solar-plus-storage installation which the supplier claims will demonstrate that the technology can work at commercial scale in the UK.
Major new storage trial in Australia, ViZn announces new advisory board members, CEFC announces new funding for low carbon tech.
Power firm AES India recently agreed to build the first large-scale battery-based energy storage project in India, working with consumer electronics and energy storage firm Panasonic India. Manish Kumar, managing director, energy storage, AES Corporation spoke to Energy-Storage.News to explain the potential of the Indian market and how the project will progress.
