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.
EDF Renewable Energy has created a new business unit, Distributed Electricity and Storage (DES), which will focus on distributed solar and storage projects up to 30MW.
A multi-million pound EU funded project is set to provide the Isles of Scilly with a new smart energy system, using new software platforms to manage supply and demand through renewables, energy storage and electric vehicles.
While Germany is one of the world’s leaders in solar PV and now an early leader in residential energy storage, utility-scale energy storage is still “under discussion” and not yet a mature proposition, industry figures have said.
In a major energy strategy upheaval, the South Australian government is providing significant funding to support energy storage projects, starting with a 100MW grid-connected battery that will be the largest in the country.
Swedish start-up Northvolt, which is run by two former Tesla Motors executives, plans to build a huge lithium-ion battery factory in the Nordic region, giving Tesla and Panasonic’s Nevada Gigafactory a close rival within Europe in terms of size.
US battery and energy storage system manufacturer Aquion Energy has declared bankruptcy under Chapter 11 and offloaded 80% of its employees, according to a company release.
